ETMarkets Smart Talk: There might be a renewed focus on social expenditure in final Budget 2024: Arun Kumar Poddar
“Given the recent election results fell short of expectations for the NDA, there might be a renewed focus on social expenditure, particularly in rural areas, to boost consumption, and drive economic activity,” says CA Arun Kumar Poddar, CEO & Executive Director, Choice International Ltd.
In an interview with ETMarkets, Poddar said: “For the next six months, the trajectory of earnings for India Inc. appears promising, underpinned by recent trends indicating a robust performance in key sectors,” Edited excerpts:
June has been a volatile month for the Indian market, but bulls managed to keep the momentum going and pushed benchmark indices to fresh record highs. What is fuelling optimism?
Today (28th June, 2024) marked a historic milestone for our markets as we crossed the 79,000 threshold. Despite significant volatility to come in the first week of July, many market players anticipated this turbulence would create resistance to reaching new heights.
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Offering CollegeCourseWebsiteIIM LucknowChief Executive Officer ProgrammeVisitIndian School of BusinessISB Chief Technology OfficerVisitIndian School of BusinessISB Chief Digital OfficerVisitHowever, the Indian markets have demonstrated remarkable resilience. Our strong domestic macroeconomic indicators are driving this buoyancy.
In April and May, Foreign Institutional Investors (FIIs) were heavy sellers, but they have since turned net buyers, investing ₹ 201.70 Billion.
While we strive to reduce our reliance on
