ETMarkets Smart Talk: Budget 2025! India deserves a rating upgrade, says Jiten Parmar on fiscal consolidation
“Government has done good fiscal consolidation. I think India as a country does deserve an upgrade. I am quite critical of the rating agencies,” says Jiten Parmar, Co-founder of Aurum Capital.
In an interview with ETMarkets, Parmar said: “A rating upgrade should have happened much earlier. Countries which have far poorer fiscal health are rated much higher,” Edited excerpts:
Thanks for taking the time out. The Budget 2025 – 8th Budget of Nirmala Sitharaman delivered what was needed to boost consumption, but it lagged large capex push. What are your views on the Budget?
I think it is a fantastic budget. The FM and the government deserve applause for a fine balancing act. The middle-class concerns were addressed to a large extent.
As far as capex is concerned, there is a more than 17% increase from revised estimates of the current financial year, which I think is decent.
Though some sectors like Railways, infra have not had increments. But overall, I am quite satisfied with the budget.
How are FIIs looking at Indian markets, especially after the Budget? Have you received any queries?
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