Budget Expectations 2021-22 - Policy Reforms Likely To Continue Even With Limited Fiscal Space: Axis Securities
A calculator sits on the desk (Photographer Luke Sharrett/Bloomberg)

Budget Expectations 2021-22 - Policy Reforms Likely To Continue Even With Limited Fiscal Space: Axis Securities

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.

Axis Securities Report

Even as past budgets have disappointed the equity markets more often, the finance minister has promised a landmark budget for FY22.

Whether landmark or not, the FY22 budget will be historic in the face of an unprecedented pandemic which has caused great economic loss. India has managed the pandemic much better than many developed economies and the cost borne by the government has been manageable.

The finance minister has been unequivocal about spending on capital expenditure for reviving the economy and creating jobs.

At this juncture the budget appears to be quite constructive; however, the fiscal room afforded even after considering the improving economy and better-than-expected tax collections is not very significant.

Click on the attachment to read the full report:

Axis Securities Budget Expectations 2021.pdf

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