Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism
According to Krishna Appala from Capitalmind Research, the government plans a Rs 4.75 lakh crore investment to upgrade India's power transmission, targeting 618 GW capacity by 2028, along with metro expansions in over 40 cities and Rs 1.5 lakh crore in oil and gas.
![Union Budget: Markets bet big on defence, capital goods, electronics manufacturing, tourism](https://cdn.zeebiz.com/sites/default/files/2024/07/21/305902-defence-ians.png?im=FitAndFill=(1200,900))
As the Centre is set to present the Union Budget 2024-2025 on July 23, stock market experts bet big on four key sectors -- capital goods, defence, electronics system design and manufacturing (ESDM) and Tourism.
The market anticipates a continuation of last year's incentives, maintaining the status quo. A continued focus on infrastructure, including roads, railways, ports, airport expansions, defence, and tourism, is vital.
In the past week, Nifty has recorded a slight gain of 0.3 per cent, driven by strong performances and positive growth forecasts from IT majors TCS, Infosys, and HCL Tech.
According to Krishna Appala from Capitalmind Research, the government plans a Rs 4.75 lakh crore investment to upgrade India's power transmission, targeting 618 GW capacity by 2028, along with metro expansions in over 40 cities and Rs 1.5 lakh crore in oil and gas.
“The defence budget has increased to Rs 6.2 lakh crore, aiming for 70 per cent self-sufficiency and a Rs. 1.75 lakh crore turnover by 2025,” he mentioned.
In electronics, the government is incentivising domestic production with Rs 76,000 crore, projecting the ESDM market to grow from $25 billion to $100 billion in 5-7 years.
“The tourism market is expected to expand from $24.6 billion in 2024 to $31 billion by 2029, with demand outpacing supply,” according to market watchers.
Budget expectations include larger production-linked incentives (PLI) in battery manufacturing, toys, and high-end machinery, with increased support for sectors like semiconductors, renewable energy, nuclear power, and low-cost housing.
“Currently, the market isn't anticipating negative surprises in areas like income tax, LTCG, STCG, or STT. However, any changes could have a short-term negative impact,” said Appala.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
![https://www.zeebiz.com/personal-finance/photo-gallery-sip-swp-monthly-pension-income-retirement-corpus-planning-calculator-inr-rs-20000-monthly-investment-for-15-years-inr-99000-monthly-return-for-42-years-313283](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316973-rupee-pixabay-take-1.jpg?itok=02-hJh59)
SIP+SWP: Rs 20,000 monthly SIP for 16 years to get Rs 99,000 monthly income for 42 years; how is it possible?
![https://www.zeebiz.com/market-news/news-bajaj-finserv-rvnl-borosil-renewables-carysil-railtel-corporation-stocks-to-buy-hdfc-securities-recommendation-picks-target-stop-loss-bse-nse-313386](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317091-26.jpg?itok=gE1cWt7z)
RVNL, Bajaj Finserv and 5 more: Brokerage recommends buying these 7 stocks for up to 3 months | Check target, stop loss
![https://www.zeebiz.com/personal-finance/photo-gallery-nps-vs-ups-vs-ops-monthly-pension-income-retirement-corpus-calculator-what-will-be-your-pension-on-inr-rs-10000-contribution-for-35-years-expert-calculations-313361](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/317060-rupee-pixabay-take-2.jpg?itok=cOVdof_v)
NPS vs UPS vs OPS: What will be your monthly pension if you contribute Rs 10,000 monthly for 35 years? Get expert calculations
![https://www.zeebiz.com/personal-finance/photo-gallery-top-7-etf-sip-mutual-funds-in-5-years-calculator-how-inr-rs-21000-monthly-investment-has-grown-in-nifty-sp-bse-next-50-cpse-uti-icici-pru-nippon-india-motilal-oswal-bharat-22-nift-mid-infra-313306](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316994-indian-currency-pixabay-take-1.jpg?itok=JURVEkst)
Top 7 ETF Mutual Funds With Highest SIP Returns in 5 Years: How Rs 21,000 monthly SIP has grown in each ETF over the years
![https://www.zeebiz.com/personal-finance/photo-gallery-sbi-senior-citizen-fd-fixed-deposit-latest-interest-rate-2024-calculator-what-be-maturity-amount-with-return-on-investments-of-inr-900000-lakh-in-1-3-5-year-guaranteed-return-scheme-retirement-planning-313221](https://cdn.zeebiz.com/sites/default/files/styles/zeebiz_700x394/public/2024/09/06/316909-note-coin-pixabay-take-1.jpg?itok=3RPKcBYE)
SBI Senior Citizen FD Rates 2024: What you can get if you invest Rs 3 lakh, Rs 5 lakh, Rs 7 lakh, and Rs 9 lakh in 1-, 3-, and 5-year FDs
12:46 PM IST