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

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.

Click on the attachment to read the full report:

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.