Budget 2021 Review - A Big Push For Growth, Privatisation: Prabhudas Lilladher
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.
Prabhudas Lilladher Report
Budget 2022 has made bold moves towards growth in an year marred by Covid-19.
The only disappointment has been 9.5% fiscal deficit for FY21 and 6.8% for FY22, however increase in Budgetary allocation of capex by 26%, 17% increase in tax revenues, 14.4% nominal gross domestic product growth are positives.
We believe Government of India has preferred growth over slightly higher fiscal deficit with big push coming in water, urban Infra and roads.
Public sector undertakings divestment of two PSU Banks and one general Insurance company and sale/closure of non strategic state owned enterprises is a step in right direction. spending on social schemes like Rs 350 billion for vaccination, healthcare infra, PM Awas Yojana, Agri Infra are positive for creating long term growth drivers.
Click on the attachment to read the full report:
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.