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.
KRChoksey Research Report
India remains the fastest growing economy compared to its global peers despite the Covid-19 fallout. The country is structurally well placed in a global/emerging market context with high savings rate, low debt burden (both household and government debt) and sound forex reserves with enough headroom to increase tax revenue contribution to GDP.
The series of coordinated measures between the Government and Central Bank has helped revive the economy smartly from the Covid induced slowdown and the country is headed to achieve the widely anticipated target of $5 trillion economy by 2025.
We expect Budget FY23 to primarily focus on the following three themes- agriculture, infrastructure, monetisation.
With robust tax collection, lower spending and a possible divestment of Life Insurance Corporation of India during the Q4 FY22, the fiscal deficit target is likely to be contained at 6.5% of gross domestic product against budgeted target of 6.8%.
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