SBI, Hero Moto, Asian Paints, Escorts, Polycab, Dixon Tech to Amber Enterprises II Policy reforms likely to continue even with limited fiscal space says Axis Securities
Even as past budgets have disappointed the equity markets more often, the finance minister has promised a landmark budget for FY22. Whether landmark or not, the FY22 budget will be historic in the face of an unprecedented pandemic which has caused great economic loss. India has managed the pandemic much better than many developed economies and the cost borne by the government has been manageable.
The broad focus of the government will be job creation. This could mean more impetus on infrastructure and fiscal expansion using off balance sheet structures: Reuters