Quote on Budget 2026 by Shripal Shah, MD & CEO, Kotak Securities
Below the Quote on Budget 2026 by Shripal Shah, MD & CEO, Kotak Securities
This is a growth-focused Budget, with strong emphasis on manufacturing, capital expenditure, and tourism to support forex inflows. The Budget also stays firmly on the path of fiscal prudence, with the glide towards a 4.4% fiscal deficit this year and 4.3% next year clearly signaling a reduction in the government’s debt and interest burden.
On the capital markets side, corporate bond market-making will help deepen the debt ecosystem, while higher investment limits for persons resident outside India should support portfolio flows and strengthen India’s long-term investment appeal. Treating buybacks as capital gains for non-promoters is positive for investors. However, a steep rise in STT on futures and options will increase impact costs and could reduce derivative volumes
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