Page 6 - Udget Expectations News Today

Analysts at the Japanese brokerage, Nomura, expect the government to pencil in a 16.5% rise in capex outlay in FY25 (compared with 36% budgeted in FY24), which should keep central government capex elevated at 3.4% of GDP

In the latest update to its World Economic Outlook report, the International Monetary Fund said the growth upgrade for India reflects

This year, Finance Minister Nirmala Sitharaman will present an Interim Budget due to the upcoming Lok Sabha elections scheduled for April-May.

Among its demands are higher procurement prices for ethanol produced from cane juice, a higher MSP in line with the increased FRP, and a preference for using sugarcane instead of maize in producing ethanol.

A fiscal deficit of 5.3 percent of GDP in 2024-25 would mean a 60-basis-point reduction in the fiscal deficit from this years Budget estimate, which economists widely expect the Nirmala Sitharaman-led finance ministry to meet.

Not only would a focus on infrastructure aid the demand for steel, it would also help reduce logistics costs. TV Narendran also hopes that the government will focus on ease of doing business in Budget 2024. 

According to a Moneycontrol survey, economists see the interim Budget targeting a capital expenditure of around Rs 11.2 lakh crore for 2024-25.

Bear put spreads, calendar spreads and iron butterflies are some of the strategies recommended by analysts. One analyst advises traders to enter into trade during the last hour of the market during budget day

While the government does not present an Economic Survey prior to an interim Budget, which is only a vote-on-account ahead of the Lok Sabha elections, Moneycontrol had reported in November 2023 that the finance ministry would publish a concise document detailing the state of the Indian economy.

Interim Budget: Healthcare advocates for direct funding to government hospitals, MSMEs eys enhanced production incentives. Maritime sectors key demands includes comprehensive financing policy