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Perspective on Budget expectation By Mr. Vaibhav Agrawal, CIO & Founder, Teji Mandi.

"The 2021 budget was a hallmark event as it focused on reviving aggressive growth in India, without much concern for the fiscal deficit. With direct tax collection of 9.5 lac crores and GST collection of 10.7 lac crores till December, this maybe one of the few times in India's history that we actually do better than the fiscal deficit target for the year! Furthermore, this year's budget would be important to continue the government's stance last year by focusing on reviving the investment cycle in India through government spending in infrastructure and capex and housing. Furthermore, incentives to revive corporate capex will also be watched keenly as investment cycle can have a multiplier effect on India's economy. Furthermore, impetus on green energy and electrification of the automobile sector would also likely be a big focus of the current government. Sectors to focus on would be banking, automobile OEMs and ancilliaries benefiting from move to electric, and companies in electronics sector."

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