Sandip Sabharwal believes that the reduction in fiscal deficit will lead to lower interest rates, reduced inflation, and increased volume growth and consumption growth. This will create an opportunity to buy consumer stocks. The previous high inflation and employment issues impacted consumption, but with lower interest rates and entrenched inflation, volume growth on the consumption side is expected to come back. Going into July, there may be relief on income tax rates, but there are also expectations of tweaks on capital goods and inheritance tax.
ET NOW and ET NOW SWADESH announce Budget 2024 – Vikas Ki Guarantee
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ET NOW and ET NOW SWADESH announce Budget 2024 – Vikas Ki Guarantee
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