Here’s what Credit Suisse expects from Union Budget 2021
The Central government’s budgetary expenditure is likely to grow 13 percent next year with much of it going to health and urban housing to provide jobs to the urban poor, said Credit Suisse
The Central government’s budgetary expenditure is likely to grow 13 percent next year with much of it going to health and urban housing to provide jobs to the urban poor, said Credit Suisse
The brokerage is hence bullish on cement and steel stocks.
They also think that fiscal deficit will surprise on the downside, which means bond yields may be lower than what traders expect.
The other big point they are making is that real GDP will be something like 13 percent higher next year, add to it 4 percent inflation, the normal GDP which is what the budget will look at will be something like 16-17 percent higher.
CNBC-TV18’s Latha Venkatesh has more details on the report.
Watch this video for more.
(Edited by : Aditi Gautam)
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