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2026-02-01 05:27:51 pm | Source: JM Financial Services Ltd
Quote on Union Budget 2026 by Vishal Kampani - Vice Chairman and Managing Director, JM Financial Ltd.
Quote on Union Budget 2026 by Vishal Kampani - Vice Chairman and Managing Director, JM Financial Ltd.

Below Quote on Union Budget 2026 by Vishal Kampani - Vice Chairman and Managing Director, JM Financial Ltd.

Quote from macro perspective - 

"Budget 2026 stays the course on growth while signalling fiscal prudency. The measured increase in STT on futures and options reflects a clear intent to curb excessive speculation, fostering a more stable market and encouraging sustainable participation from long-term retail and institutional investors. The continued emphasis on capex, manufacturing, services, and infrastructure provides visibility for revival of long-term private investment, particularly across MSMEs, tourism, and export-oriented sectors, which markets value more than short-term stimulus. Equally important is policy predictability, supported by fiscal discipline, strengthening confidence across capital markets. The focus on skill creation and employability ensures growth reaches people, not just numbers. Execution will define impact. Consistent implementation can convert intent into durable, broad-based economic momentum."

Quote on STT -
"The measured increase in STT on futures and options reflects a clear intent to curb excessive speculation, fostering a more stable market and encouraging sustainable participation from long-term retail and institutional investors."
 

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