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Indians Clock Longest Budget Speech in History as Finance Minister Sitharaman Sends Markets Crashing

© AFP 2023 / PUNIT PARANJPEA woman stands as she watches a screen displaying a television channel live broadcast of India's Finance Minister Nirmala Sitharaman (C on screen) presenting the 2020 union budget, at the Bombay Stock Market (BSE) in Mumbai on February 1, 2020.
A woman stands as she watches a screen displaying a television channel live broadcast of India's Finance Minister Nirmala Sitharaman (C on screen) presenting the 2020 union budget, at the Bombay Stock Market (BSE) in Mumbai on February 1, 2020.  - Sputnik International
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New Delhi (Sputnik): The previous record for longest ever speech was also held by Nirmala Sitharaman: during her maiden financial budget presentation last year, her address lasted for 2 hours 13 minutes.

While presenting her second annual budget, the Indian finance minister appears to have set a new record with her 2 hour and 38 minute address, believed to be the longest ever budget speech in the history of independent India.

Interestingly enough, she had to cut short her speech on the advice of her cabinet colleagues, with two pages still left to be read as she reportedly started feeling unwell towards the end of the budget presentation.

The budget, however, did not impress the stock market. Immediately after the speech, India’s Sensex representing the top 30 companies on the Bombay Stock Exchange crashed by 700 points while the broader index Nifty slipped over 200 points.

Parliamentarians were also left exhausted by the speech and jokingly put in a demand to limit the duration of speech by law.

​Journalists, who were attentively listening to the speech and provided information to their respective media organisations for quick updates, also vented their annoyance and stress.

​This year’s budget also left many people feeling exhausted in terms of immense hope which many of them had nurtured. Some of them, however, took to social media to share how lethargic they felt while uselessly awaiting "good news". 

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