Budget 2021 Preview  - Revving Up Growth In Top Gear: ICICI Direct 
Finance Minister Nirmala Sitharaman arrives at Parliament to present the Union Budget, in New Delhi, on Feb. 1, 2020. (Photograph: PTI)

Budget 2021 Preview - Revving Up Growth In Top Gear: ICICI Direct 

Bookmark

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

ICICI Direct Report

With the Indian economy set to contract by 7-8% (real gross domestic product) in FY21E and fiscal deficit to rise to 7% due to Covid-19 induced pain, the focus of the government in this Budget would remain on growth with clear focus on capex revival and manufacturing, boosting healthcare and sanitisation.

While FY22E real and nominal GDP is likely to bounce back at ~10% and ~15%, respectively, it will have an advantage of low base of FY21E.

Hence, for sustained long-term growth, we expect the government to push for bigger reforms like production linked incentive schemes to make India a preferred destination for manufacturing.

Click on the attachment to read the full report:

ICICI Direct Budget Preview FY22.pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.