Budget 2024 Preview - Pro-Growth But Not Populist: Anand Rathi

Job creation, the major objective, but huge impetus in budget unlikely, opines the brokerage

Finance Minister Nirmala Sitharaman announced the budget 2024 on Feb. 01 (Finance Ministry/X)

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Anand Rathi Report

Focusing on boosting growth and on stability through continuing emphasis on infra and consumption inducing measures, the Budget is likely to be positive for Indian equity.

Consumer and infra/capital goods sectors are likely to be the main beneficiaries. Despite the likely acceleration of revenue spending and the continued high growth in public capex, with favorable receipts, fiscal consolidation is likely to continue.

We expect the FY25 fiscal deficit to be 5% of GDP. There is little reason to expect a populist budget.

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Anand Rathi Budget Preview FY25.pdf
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Also Read: Budget 2024: High RBI Dividend, Improved Tax Collection Allow Fiscal Headroom, Says Citi

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