Quick comment on the markets post *Union Budget 2025* ✨ “A lot of people are asking me, *“if the budget is so good for the economy, why are the equity markets down?”* *Equity Market movement* on a particular day or a week have several factors affecting it. Some negative news (specially liquidity related) are overpowering in the short term. During such days, even if there is an emergence of a strong long term positive trigger, it may take time for the full reaction to show up. Currently, the world equity markets are processing the new tariff announcements by the US on Mexico, Canada and China. There is fear of outflow from emerging market funds which is keeping emerging markets, including India, under pressure. There is no direct involvement of India in tariffs announced by President Trump during the weekend. This budget is one of the best budgets presented. It will set a wave of positive ripples in the economy and have a positive impact on many businesses. 📌*_In the short term, markets are a voting machine; in the long term they are a weighing machine._* In the short term, liquidity flows can impact markets and keep them volatile. In the long term, the strength of the country’s economic and business growth determines the market direction. This budget has provided a significant positive to the long term growth trajectory of India.”