Union Budget Preview - Two Steps Forward, One Step Back: Anand Rathi

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.Despite the smart bounce back from the pandemic -induced low, the Indian economy remains fragile and growth, volatile. Due to global inflationary concerns, fiscal would be the main policy tool to foster growth. With better-than-anticipated revenue receipts, especially customs and direct taxes, and relatively contained spending so far, there is elbow room to maintain large fiscal accommodation. Yet, with a longer - term vision, we expect the start of fiscal consolidation in this budget. The fiscal deficit target is likely to be around 5% in FY23, down from 9.4% in FY21. At the same time, both economic reality and political exigencies may nudge the government to roll out more supportive schemes for agriculture, the rural economy, micro, small and medium enterprises and social sectors. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

Union Budget Preview - Two Steps Forward, One Step Back: Anand Rathi

Union Budget Preview - Two Steps Forward, One Step Back: Anand Rathi

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