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Below is Post Budget Comment From Mr Devang Mehta, Head- Equity Advisory, Centrum Wealth

The Union Budget was clearly growth focused along with being pragmatic, considering that the Government had a tight rope walk between managing the fiscal deficit and providing some relief to tax payers on the personal income tax front. Higher capex spend and boosting consumption should provide a major boost to the economy. Continuity of policies and  being progressive along with being fiscally prudent were significant highlights of this budget. Markets have seen a decent correction in the last few days. With this important event guiding Indian economy on the growth path, focus will be back to the earnings season & global cues. Capex, consumption & credit growth together will ensure that corporate profitability of India Inc remains strong.

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