Indian equities are in a bull-phase; buy on dips: Chris Wood

A budget is a good one if it does not create headlines and that's what the Indian budget has proved to be

Giving a thumbs-up to the Budget 2022 that delicately balanced capex spend and demand push, CHRISTOPHER WOOD, global head of equity strategy, Jefferies, tells Puneet Wadhwa in an interview that the key takeaway for him is that the proposals are a continuation of what the Finance Minister had proposed in the last year’s (2021) budget. Edited excerpts:

What is your interpretation of the budget proposals?

The government has focused rightly on capex and I am not really worried about the impact on the fiscal deficit. The more important point here is that the Indian government is spending money on building