Perspective on "Expectations from the upcoming Budget" by Deepak Shenoy, Founder and CEO, Capitalmind.
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Below the Perspective on "Expectations from the upcoming Budget" by Deepak Shenoy, Founder and CEO, Capitalmind.
"The finance ministry will be flush with resources, given robust tax collections and a larger-than-expected dividend from the RBI. Our expectations for industry are that more job-creating opportunities will be provided through larger PLI in battery manufacturing, toys and high-end machinery. Sectors like semiconductors, renewable energy, nuclear power and low-cost housing should receive more government support. We believe the past focus on infrastructure will continue with road, rail, port and airport expansions, and expect a specific focus on tourism, travel and hospitality. In defence, more indigenisation is likely with a greater focus on import substitution. At a personal level, we expect an increase in domestic spending power with a higher upper limit on the new tax-regime tax slabs, with no changes to capital gains tax."
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