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Arpit Jain, Joint Managing Director at Arihant Capital Markets expects the government to keep infrastructure, defence, and railways in focus in the Interim Budget 2024.
Rupen Rajguru, Head Equity Investments and Strategy, Julius Baer India, expects the Interim Budget to record better fiscal balances, generating space for higher social spending. He also expects the government to announce sops for the middle class and rural segments.
It is unlikely that the government would propose any increase in exemption limit under section 80C would be considered under the old tax regime.
The introduction or enhancement of tax rebates can act as a catalyst, encouraging prospective homebuyers to enter the market.
Pramod Amthe, Head Of Institutional Equity Research at InCred Capital expects a muted allocation for the infra sector in the Budget, but announcements for the next five years could provide a roadmap for the sector.