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Below the Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital

“Fiscal Deficit target has been made even more stringent compared to the interim budget. This bodes well for fiscal responsibility and is likely to strengthen the sovereign ratings and currency in the long term. Infrastructure remains a focus with allocations to Andhra and Bihar primarily linked to Infrastructure allocations.  Similarly, the rural development initiatives signal a focus on infrastructure. Affordable Housing for urban and rural areas for 30 million houses is another initiative worth being aware of. Another focus is on the manufacturing with support to MSMEs and new industrial parks. Public sector banks encouraged to lend to MSMEs, SIDBI expanding branches to cater to MSMEs, MUDRA loan scheme showcase enhanced focus on manufacturing sector. Similarly, the internship schemes, wage support for freshers, skill development programs are all showcasing support for the manufacturing sector. Angel tax abolition again focused on enhancing entrepreneurship and startup ecosystem.”

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