Budget 2021 Review - Stepping On The Growth Pedal: ICICI Direct - Key Highlights
Nirmala Sitharaman, India’s finance minister, Anurag Thakur and other members of the finance ministry leave the North Block (Photographer T. Narayan/Bloomberg)

Budget 2021 Review - Stepping On The Growth Pedal: ICICI Direct - Key Highlights

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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

The Union Budget 2021-22 was clearly growth focussed with sharp increase in capex allocation (up approximately 26% YoY), and outlining manufacturing as the key pillar for the economy, while rightly allowing for higher fiscal deficit, given the low interest scenario.

Most importantly, along with capex path, the budget has also outlined the additional financial avenues to attain the same, through setting up development financial institution, monetization of infra assets and divestment plans of non-core asset.

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ICICI Direct 2021 Budget Review.pdf

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