Budget Expectations 2021-22 - Policy Reforms Likely To Continue Even With Limited Fiscal Space: Axis Securities

BQ Blue’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 BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.Even as past budgets have disappointed the equity markets more often, the finance minister has promised a landmark budget for FY22.Whether landmark or not, the FY22 budget will be historic in the face of an unprecedented pandemic which has caused great economic loss. India has managed the pandemic much better than many developed economies and the cost borne by the government has been manageable.The finance minister has been unequivocal about spending on capital expenditure for reviving the economy and creating jobs.At this juncture the budget appears to be quite constructive; however, the fiscal room afforded even after considering the improving economy and better-than-expected tax collections is not very significant..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint. .Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Budget Expectations 2021-22 - Policy Reforms Likely To Continue Even With Limited Fiscal Space: Axis Securities