homepersonal finance NewsBudget 2021: Expect a heavily infrastructure driven budget, says Sundaram MF
Budget 2021: Expect a heavily infrastructure driven budget, says Sundaram MF
The union budget is around the corner and Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, believes that the Finance Minister Nirmala Sitharaman is likely to present an infrastructure friendly one this time on February 1.
The union budget is around the corner and Sunil Subramaniam, MD and CEO of Sundaram Mutual Fund, believes that the Finance Minister Nirmala Sitharaman is likely to present an infrastructure friendly one this time on February 1.
According to him, infrastructure is going to get a visibility push from the government.
“The reason is I expect this budget to be a heavily infrastructure driven budget because the government has the leeway this year unlike the previous years and the whole world is in a fiscal deficit situation,” he explained.
Further, he expects consumer discretionary and property prices to stabilise. "Interest rates have come down, there is a lot of supply in the real estate,” he reasoned.
“This summer is going to be a blowout summer because data will be compared on a year-on-year (YoY) basis to last summer. The rural harvest has been good, there is money in people’s hands, so numbers are going to look good,” he said.
For the entire conversation, watch the video
(Edited by : Abhishek Jha)
First Published: Jan 8, 2021 1:12 PM IST
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