Interim Budget 2024: What should be your trading strategy to prepare for Feb 1
Also Read- Budget 2024 expectation: Fiscal consolidation to continue in FY25 says BofA However it may still have something in store for investors that they will need to remain watchful for. One key theme which has remained key highlight of the current government is its focus on infrastructure spending and capex.
Ambani also said that we can expect the government to continue with its agenda of boosting capex as a percentage of total expenditure. He also foresees non-government enterprises incrementally cajoled through incentives to help lift the private capex cycle.
Talking of fiscal prudence, the government is likely to be aggressive on its fiscal deficit target, especially in the wake of buoyant tax collections. We can expect a commitment to achieve a 4.6% fiscal deficit in FY26.
Given the inclusion of Indian bonds in global indices, the same seems imperative. Also read- Budget 2024: Expectations high for continued focus on ‘Housing for All’ The investors will be watchful on the the governments populist measures and specialty incentives to the farmers.
However Ambani says that Income support to farmers in the last instance was introduced just prior to the general election. This time around, given the flurry of subsidies in various forms since Covid, including distributing food grains, and coupled with the strong mandate in recent state elections, we don't foresee the government announcing any material sops on the socio-developmental front." Milestone Alert!
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