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This Article is From Jul 15, 2024

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

Budget 2024 Preview - Pro-Growth But Not Populist: Anand Rathi
Finance Minister Nirmala Sitharaman announced the budget 2024 on Feb. 01 (Finance Ministry/X)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

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