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.
Anand Rathi Report
Budget FY23 opted for continuity of pro-growth policies with elevated public outlays for infrastructure. Most investment-linked sectors stand to gain directly – and several other sectors, indirectly. The focus on digitisation would also help numerous sectors.
Even in the absence of ‘populist' measures, recasting of off- and on-budget items, changes in the resource-transfer mechanism to states and modest revenue assumptions ballooned the fiscal deficit and borrowing.
These led to hardening of bond yields. Yet, equities gained on the budget day, drawing comfort from the pro-growth bias and lack of populism in the budget.
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.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.
