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Below are Views On The not-so-subtle shift to a counter cyclical fiscal policy through increased government  By Rahul Singh, CIO-Equities, Tata Mutual Fund

“The not-so-subtle shift to a counter cyclical fiscal policy through increased government spending coupled with reforms and greater privatisation thrust could support economic recovery, create earning upgrades in FY22 and thus support India’s premium valuations. Though there is a likelihood of slightly higher interest rates as a result, it can get offset by superior earnings momentum especially if the budget is successful in reviving the investment cycle. Lack of any negatives in terms of persona tax, corporate tax or capital gains is also a sentiment positive.”

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