The budget may also have an announcement to create a domestic financial institution to help fund port, road, and power projects with an initial equity capital of around $14 billion
MUMBAI : The budget, to be presented on February 1, is likely to be less worried about fiscal deficit and will be focused more on nursing the fragile growth, according to a Wall Street brokerage report.
Bank of America Securities India expects the budget to peg “fiscal deficit at a high 5 per cent of GDP for FY22 and 7.2 per cent for FY21, as it is likely to step up capex, recap public sector banks, push asset sales to break government monopolies, offer sops for real estate, tax cuts for lower income groups and creation of a bad bank”.
Source: livemint
