Perspective on "Expectations from the upcoming Budget" by Deepak Shenoy, Founder and CEO, Capitalmind.
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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