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 Government of India will present Union Budget 2022–23 on February 01, 2022. Considering provisional data for the first eight months (April-November 2021), total receipts of the GoI could exceed budget estimates by Rs 2.2 trillion in FY22E.
So, in order to keep its fiscal deficit unchanged at Rs 15.1 trillion, the GoI will have to spend Rs 16.3 trillion in the last trimester of FY22E, slightly higher than Rs 16 trillion spent during the corresponding period of last year, which was almost double of that spent during the corresponding period in FY20.
If so, the Centre's total spending will grow 5.4% in FY22E, better than the budgeted growth of 1%, but still the lowest in 16 years.
Also, because of a higher denominator (nominal gross domestic product), the fiscal deficit will be 6.5% of GDP in FY22E versus the target of 6.8% of GDP.
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, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
