Budget 2024: Which Stocks and Sectors Will Benefit?
The finance minister presented the interim budget yesterday . As expected there were no big announcements. No taxes were changed. But there were some important ones. Certain decisions taken by the government will impact specific stocks and sectors. While this budget will not change the fortunes of the stock market as a whole in one direction or another, there could be some big moves in certain pockets of the market. Let's examine these... The Big Takeaway for Investors Perhaps the biggest taking point of the budget was the fiscal deficit. Not only was it contained to 5.8% of the current year's (FY24) GDP, but next year's target too has been projected at 5.1%. This is a big reduction year on year. It would put the Indian government well on track to meet its fiscal responsibility goals. If this is achieved in the coming year, the government would have succeeded in putting a lid on the amount it borrows from the bond market. This, in turn, will provide sufficient space for