Expect A Growth-Oriented Budget With An Eye On Fiscal Consolidation; Healthcare Spend To Rise: ICICI 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.
ICICI Securities Report
Union Budget FY22 is unlikely to have any major short-term impact on equity markets as we expect the Budget announcements to be largely within the range of market expectations with focus on boosting spend towards development expenditure and health and an eye on fiscal consolidation.
Upside risks for equities: Personal income tax rate cut on the lines of corporate tax rate cut announced in 2019, removal of securities transaction tax, strategic disinvestment deal announcement.
Downside risks: Slow fiscal consolidation driven by expansion in non-development expenditure.
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.