After a stupendous rally that has seen the S&P BSE Sensex more than double from March 2020 low and hit 50,000 mark, markets are now eyeing the upcoming proposals in the Union Budget – scheduled to be presented in February 01 – that can help revive Covid-19 impacted economy and lift the fortunes of Corporate India as well.
While most experts suggest the government loosen its purse strings and not worry about the fiscal deficit in a pandemic impacted year, it will be a tightrope walk for the government to increase spending without going overboard. Growth and not fiscal prudence, experts say, should be the priority for the government now.
Here’s what leading brokerages expect from the government.
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