Budget 2021 Review - The Growth Pitch: Dolat Capital 
Nirmala Sitharaman, India’s finance minister, center, Anurag Thakur, India’s finance and corporate affairs minister, left, and other members of the finance ministry leave the North Block on Monday, Feb. 1, 2021. (Photographer: T. Narayan/Bloomberg)

Budget 2021 Review - The Growth Pitch: Dolat Capital 

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.

Dolat Capital Report

The budget proposals, announced today by the Finance Minister Nirmala Sitharaman, put out a spending led growth plan for the Covid-19 impacted economy.

The proposals project a 14.4 % gross domestic product growth for FY22 at $3.05 trillion which seem realistic given the 9.5% contraction that we saw in the Covid hit FY21.

The last six years of the Modi Government have made the market realise the centre of left approach and hence the expectations were not too high – against that the growth focus has come out as a surprise and hence the positive market reactions.

In particular the capital spending is proposed to be higher and in infra and healthcare that has got us and markets at large excited enough.

We feel that the projections are realistic and the implementation remains key.

Click on the attachment to read the full report:

Dolat Capital Budget 2021-22.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.