Finance Minister Mr.Pranab Mukherjee will table the Indian Union Budget 2009-10 tomorrow. The whole country along with the traders in the stock markets are awaiting to see the highlights of the union budget 2009-10 which will basically give the next direction to the markets from here on. As I wrote here yesterday, the budget will give the next momentum or the direction to the Indian share markets.

Union Budget will have a great impact on the long term on the economy, interest rates and the stock markets basically. Now the govt needs to maintain a fine balance between the fiscal measures and the Indian growth story. Currently the Govt has Rs 3,32,000 as deficit, so it needs to decide how it will be funded maintaining a GDP growth rate of 6-7% in this fiscal.

Many policies changes are expected in the Union budget 2009-10. A decision on 3G auction, disinvestment in defence sector, and FDI in certain key sectors will be decided. in such tough times people expect to see some relaxation in the income tax rates. You can check out the analysis of the Interim Budget which was presented in the parliament in Feb here. So lets wait for the complete analysis of Union Budget 2009-10 which will be presented tomorrow. Keep checking the space for the complete details on Union Budget 2009-10.

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