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Below the Perspective on expectations from Union Budget 2024 by Nimesh Chandan, CIO, Bajaj Finserv Asset Management

“Indian economy is moving on a strong growth trajectory. This makes the Government finances comfortable on the revenue side. The budget is expected to maintain the fiscal deficit and borrowing targets same as the February interim budget. There could be some positive announcements on allocations towards rural economy. Also, there is a possibility of tax benefits for the lower income brackets. Focus on capital expenditure is also expected to continue with increasing central expenditure, persuading state level capex and also incentivising private capex. Overall, we are likely to see policy continuity.”

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