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.
Motilal Oswal Report
The Union Budget 2022 was presented on February 01, 2022 amid high expectations. Although the Economic Survey forecasted 9.2% real gross domestic product growth in FY22, followed by 8-8.5% growth in FY23, the markets were anticipating that the government would announce measures to support weak consumption.
Instead, the government continued on its course to improve the quality of its expenditure by focusing on investment growth.
However, the higher than-expected fiscal deficit, and thus, borrowings, disappointed the bond market and pushed the benchmark bond yield to over 6.8%.
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