Analysts and brokerages have outlined several expectations for the upcoming Budget:
Income Tax Reforms: There’s speculation about potential income tax cuts, particularly for individuals earning between ₹1 to ₹2 million annually. Such measures could boost consumer discretionary spending, benefiting companies like Jubilant FoodWorks and Maruti Suzuki.
Rural Development Initiatives: Enhanced government schemes aimed at increasing rural incomes are anticipated. This could positively impact consumer staples and agricultural input companies.
Subsidies and Capital Infusion: The government may increase subsidies for fertilizers and provide capital infusion into state-owned insurers, aiming to stimulate these sectors.
Job Creation Focus: Emphasis on job creation, especially in manufacturing, construction, and textiles, could benefit companies operating in these industries.
Production-Linked Incentive (PLI) Scheme Expansion: Given the success in the electronics sector, there’s potential for the PLI scheme to be extended to other industries, aiding companies like Syrma SGS.
