Budget 2024 | Interim Budget 2024: Softer growth in central & state capex seen; construction to support rural incomes next couple of years: Pranjul Bhandari, HSBC

Pranjul Bhandari, Managing Director, Chief India Economist, Asean Economist, HSBC, says “the construction-led activity has given an alternate source of income to rural India. And all of these things come in cycles. I think we are on the upward side of a new financial cycle and things like credit growth, housing prices, construction activity all … Read more

budget expectations: Budget may disappoint stocks related to government capex: Jefferies

Stating that the Modi government’s commitment to cut fiscal deficit to 4.5% of GDP by FY26 limits the total expenditure growth to about 8% YoY, global investment banking firm Jefferies on Thursday said a potential slowdown in capex in the interim Budget can disappoint investors. “The central government capex has tripled over the last five … Read more