Budget Impact: Big push for growth and disinvestment, says Prabhudas Lilladher
Prabhudas Lilladher said that 2021 Budget continued from where we left last year. Higher allocation for Infra push, social spending and healthcare are positive. No TDS on REIT and Invit and FDI in Insurance. A big Infra push with 26% higher capex. No major taxes on individuals and corporates have been positive. Fiscal deficit for FY21 at 9.5% has been higher and 6.8% for FY22.
PSU divestment has been pushed with 2 banks and 1 Insurance company at the forefront with all but 4 strategic sectors to be privatized. Overall the budget is positive for pushing growth in the economy: Reuetrs