Interim Budget 2019 Reaction - Mr. Shivendra Foujdar, Founder - Avighna Trades

This budget is mostly related to middle class & farmers oriented. The centre point of this budget is mainly these two groups. Tax rebate to aam admi and money transfer directly to farmers bank account gives strengthen to consumption story in the economy. Consumers driven stocks are benefited from this announcement. Financial companies are also benefited from this measure. Middle class income group dive to invest his income to financial products that will meet there expectation.

Fiscal measure are well kept. Capital Expenditure has been robust. Primary deficit is being kept well in control. Real Estate Sector is also benefited by this budget as finance minister has given boost to affordable housing projects.

Projects and schemes that are already running like SagarMala, self-employment through Mudra loans, Startup India creating jobs and benefiting the job market in the long run. As the government aim to get 5 trillion dollar economy in next 5 years, this also shows the boosting economy in the long run.

Overall this budget is helpful for corporates as this budget will give boost to consumption, financial product companies and will help in creating more jobs.

(Shivendra has over 12 + years of extensive experience in securities, insurance and banking industry. His previous stint was in a senior position at a leading private sector bank.)

Source : Equity Bulls

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