Market expects the Budget to focus on fiscal prudence, raising revenue

We expect the Budget to contain some pro-market/economy measures, says Sanjay Mookim, India Equity Strategist at BofAML

Credible fiscal numbers and gradual consolidation, rising revenue via strategic divestment and asset monetisation are some of the measures that the markets expect from the Budget for financial year 2020-21 (FY21) scheduled to be announced on February 1 amid a weakening economy.

Over the past few quarters, gross domestic product (GDP) growth has slowed to a 26-quarter low of 4.5 per cent in quarter ended September 2019, with risks to the economy stemming from both domestic (risk aversion in the financial sector