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.
Prabhudas Lilladher Report
Budget 2022-23 has carried forward the growth momentum by increased capital expenditure while maintaining financial prudence. There is focus on infra development, digital and emerging technologies to propel equitable growth.
The budget has laid emphasis on developing rural India by way of education, digital transformation, basic amenities like water, housing, sanitation etc., which along with improved mobility and banking through 0.15 million post offices will promote financial inclusion.
We note that actual allocation including off budget support has been increased in infra, but a lot of emphasis is on getting resources through infra divestment and public-private partnership mode across segments and six times increase in funding to states under 50 year zero interest bonds.
No changes in taxes on individuals has come as a disappointment in view of high inflation, so there is no direct push to consumption in the budget. Fiscal deficit for FY22 at 6.9% has been a shade higher than budget estimate of 6.8% for FY22.
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.
