Life Insurance Corporation of India sees the Union Budget as constructive for long-term investors, even as markets witnessed near-term volatility following the announcement, said R Doraiswamy, LIC's Chief Executive Officer & Managing Director.
Doraiswamy said LIC, as a long-duration investor, remains unfazed by short-term market reactions and views periods of weakness as additional investment opportunities rather than a cause for concern.
“As long-term investors with long-term liabilities, we are not worried about short-term fluctuations. We look at every phase — whether a market rise or a fall — as an opportunity to invest,” he said.
He described the Budget as visionary, aligned with India's goal of becoming one of the world's top three economies, with a strong focus on infrastructure-led capital expenditure, MSME strengthening and improving rural incomes. Doraiswamy noted that infrastructure creation typically acts as a catalyst for growth across multiple industries, improving the investment landscape over time.
The LIC chief said the government's sustained capex push is expected to support economic activity, household spending and corporate earnings, strengthening the case for long-term investing.
Looking ahead, Doraiswamy said LIC expects markets to stabilise and trend higher, supported by policy continuity and growth-oriented spending. He added that sectors such as tourism, bio-pharma and medical services remain key areas of interest from an investment perspective.
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