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
The impact of the Union budget on the equity market has reduced notably over the past few years with the government undertaking most of the reforms outside the purview of the Budget. Nonetheless, market participants continue to view the budget as a catalyst stimulating growth.
This time around, the Union budget 2022-23 has gained utmost importance as the advent of new Covid-19 variants has posed a short term risk to the faster economic recovery along with pushing volatility at high levels.
On a positive note, the fiscal situation for FY22 appears manageable in light of a positive surprise seen in the tax revenue with buoyant collection in the last few months. At this juncture, the Union Budget 2022-23 is expected to be growth-oriented given the state election lined up in over five states in 2022.
The consequent higher government spending on infrastructure development will help the economy gain further growth momentum.
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.
RECOMMENDED FOR YOU
POPULAR