ETMarkets Smart Talk: D-St could be pencilling in some added populist measures in this Budget 2024: Jaspreet Singh Arora

economictimes.indiatimes.com:

Interim budget, the government should continue on the path of fiscal consolidation. D-St could be pencilling in some added populist measures in this budget,” says Jaspreet Singh Arora, CIO, Equentis — Research & Ranking.

In an interview with ETMarkets, Arora said: “The budget may look at adding some populist measures which address unemployment and rural stress. This is considering four state elections coming up in the next one year,” Edited excerpts:

Thank you for taking time out for the segment. The D-Street is already in a party mood with Sensex and Nifty50 touching fresh record highs in the run-up to the main event. However, we have seen mild consolidation in the week gone by. What is D-St pencilling in?

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Since the election result date, the market has seen a one-way rally, so before the budget week, the market is taking a breather.

If we take a cue from the Interim budget, the government should continue on the path of fiscal consolidation. D-St could be penciling in some added populist measures in this budget.

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