The lower level of borrowing by the central government is a positive for interest rate-sensitive segments such as real estate, autos, PSU banks, NBFCs and small private banks.
PM Modi first restored the economy, which is why a white paper was not put out earlier. The PM is never in favour of quick twists and turns, says Sitharaman.
According to Sharma, the capex outlay in the Interim Budget will need to be reduced to meet the fiscal-deficit target, which will affect largecaps the most
The Indian government has been in a running battle with S&P Global Ratings, Moody s Investors Services, and Fitch Ratings as it thinks the sovereign rating assigned to the country is not a fair reflection of its economic strength.