Putting money in the right hands to spur consumption: S Naren
While many were talking about the need for interest rate cuts, the real issue at this point was the slowdown in consumption. The government has put money in the hands of people at the lower end of the income spectrum through tax reductions. This was the need of the hour and, in that context, it was the right budget for this stage of the economic cycle.
Infrastructure-oriented segments have been performing well, and the overall macroeconomic environment has remained positive. We anticipate some slippage from the 4.4 % fiscal deficit target announced by the government. However, given the significant fiscal consolidation achieved since 2021, a minor slippage is acceptable under current circumstances since it provides necessary stimulus.
The other key highlight of the budget is the formalisation of 100% FDI in the insurance sector, signalling the commitment to attracting foreign capital. The announcement to simplify KYC norms by 2025 is expected to ease compliance burdens and further enhance the business environment. Overall, this budget is a positive step forward.
Equity Market
Stock Trading
Maximise Returns by Investing in the Right Companies
By — The Economic Times, Get Certified By India's Top Business News Brand
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Stock
