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Published on 1/02/2020 6:03:16 PM | Source: SAMCO Securities

Views On Budget By Mr. Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote

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Below is the Views On Budget By Mr. Jimeet Modi, Founder & CEO, SAMCO Securities & StockNote.

Budget, when seen holistically from the last 6 months, has taken a piecemeal approach by first delivering corporate tax cuts, a real estate package, an infrastructure push and now providing an option for lowering personal income taxes, increasing massive thrust to farm income through a 16 point agenda,  focusing on new education system, removing DDT and renewing thrust on Make in India. All these reforms will bear fruits in the long term with a solid foundation but in the short term, there is nothing for the markets to cheer given that there was limited leeway for the Government to dole out further tax cuts. Whatever the Government has already committed if executed well should increase the growth in years to come but the next few quarters maybe lacklustre.

Markets should have a long-term view rather than just focus on the short term. To sum it all, Union Budget 2020 is long term growth oriented but lacks short term kickers.

 

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