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Forbes India Budget 2020
Markets: Was this the steepest fall on Budget Day?
The biggest fall registered in the last two decades was in Yashwant Sinha's 2000 Budget, but Saturday's drop figures in the top 5
After studying law I vectored towards journalism by accident and it's the only job I've done since. It's a job that has taken me on a private jet to Jaisalmer - where I wrote India's first feature on fractional ownership of business jets - to the badlands of west UP where India's sugar economy is inextricably now tied to politics. I'm a big fan of new business models and crafty entrepreneurs. Fortunately for me, there are plenty of those in Asia at the moment.
Image: REUTERS/Francis MascarenhasA 900-plus point fall on the Sensex might seem like a lot, but in percentage terms, Indian markets have seen a lot more volatility. The biggest fall registered in the past two decades was in Yashwant Sinha’s 2000 Budget, when the markets fell a little over 5 percent. That was also the time when the tech bubble had burst and FIIs had deserted India. A couple of years later, they registered another fall of slightly under 4 percent on Budget Day in 2002. P Chidambaram saw two large falls under his watch, in 2007 and 2009—the years before and after the financial crisis.
