Stock market poised to see partial recovery this year from deepest rout

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Stock market poised to see partial recovery this year from deepest rout - Business Standard

Quick Summary:

That has dented corporate profits and triggered a $25 billion foreign investor selloff since October, flipping Asia's top-performing stock index to one of the worst.

Economic growth in Asia's third-largest economy slowed sharply this financial year as high inflation and stagnant incomes squeezed household spending.

Finance Minister Nirmala Sitharaman’s February 1 Budget introduced tax exemptions on annual income up to 1.2 million rupees and there are expectations for modest easing by the Reserve Bank of India this year to boost household consumption.