The Markets Can Continue To Look Forward To An Improving Outlook For The Indian Economy: Dinesh Thakkar

“The budget highlighted the new government’s rational approach to policies for taxation, government spending and growth. Infrastructure, Real estate & Finance sectors were amongst the biggest winners, with measures to improve funding availability to infrastructure & low-cost housing and providing a boost to REITs and bank infra lending. The budget’s focus on rationalizing tax arbitrages and anomalies across various items, acknowledging need for taxation clarity on retrospective amendments, advance rulings, etc. was also welcome. No major spending binge was announced and fiscal prudence was also maintained. FDI in defence & insurance was also a step in the right direction. Overall, the markets can continue to look forward to an improving outlook for the Indian economy, spelling positive for Indian equities.”