Quote on Budget 2026 by Manish Jain, Managing Director & CEO, Bajaj Broking
Below the Quote on Budget 2026 by Manish Jain, Managing Director & CEO, Bajaj Broking
“From a capital markets point of view, Budget 2026 is all about building on the confidence factor rather than focusing on short-term momentum. The glide path on fiscal deficit, the commitment to capital expenditure of ?12.2 lakh crores, and the overall focus on manufacturing-driven growth indicate stability in the overall macro framework of India. From a capital markets point of view, this provides a conducive environment for long-term capital formation and visibility.
Overall, the focus on infrastructure, semiconductors, bio-pharma, and strategic manufacturing is a positive factor for the overall investment story of India and broadens the investment universe beyond a specific set of sectors. Although increased transaction costs in specific sectors of the capital markets may affect trading sentiment, overall continuity and fiscal prudence would be much more important factors for long-term investors. We expect the capital markets to increasingly reward quality, balance sheet, and businesses that are structurally aligned with India’s growth themes.”
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