Budget 2021 sets India on path to high level development February 2, 2021, 3:58 PM IST
Abhishek Sikdar graduated in Economics from St Xavier s College under Calcutta University and post-graduation from Delhi School of Economics. He has worked in several leading business newspapers. During his service career, he had written numerous reports, conducted meetings with global economic consultants and international fund managers and imparted training programs to Sales Teams. LESS. MORE
The Budget 2021 is growth-oriented and proposes to realign India’s high growth story after a decline of 1-2 years because of Covid and ongoing global recession.
The budget focuses on 6 leading growth enablers: health & well-being, physical & financial capital & infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation & research & development, minimum government and maximum governance.
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Union Budget 2021: Which are the stocks to watch
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Union Budget 2021: Which are the stocks to watch
Bloomberg / Updated: Jan 28, 2021, 13:36 IST
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NEW DELHI: India’s annual budget will be unveiled on February 1, with expectations that the government will boost spending to reboot an economy that’s forecast to contract the most this year since 1952. Here’s a guide to those stocks that may be most affected by the spending plan.
Analysts believe that tax cuts, higher capital expenditure and greater spending on infrastructure projects which tend to support low-income earners hold the key to unlocking demand for goods and service.
Synopsis
Previous budgets have seen Indian equity investors deterred by levies including capital gains taxes and a surcharge subsequently rolled back that especially hit foreign funds.
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With India’s S&P BSE Sensex Index trading close to a peak, there’s not much of a safety margin for stock investors.
India’s annual budget will be unveiled on February 1, with expectations that the government will boost spending to reboot an economy that’s forecast to contract the most this year since 1952. Here’s a guide to those stocks that may be most affected by the spending plan.
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