Number Theory: The state of the markets before the Budget

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Indian equity markets have seen a considerable decline over recent weeks. Will this change after the Budget? Answering this question requires understanding the larger macroeconomic context, both global and domestic, in which Indian equity markets have been operating. Ahead of the presentation of the budget day, here are four charts which puts this into perspective.

Finance minister Nirmala Sitharaman at the halwa ceremony to mark the commencement of the final stage of preparations for Interim Union Budget 2024 in New Delhi on January 24. (PTI)

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