This budget is going to be presented when the country is on the path of economic recovery. In such a situation, almost every segment expects that the government will keep this budget growth oriented.
Budget 2022 Expectations For Stock Market: Now counting days are left in the presentation of the general budget for the year 2022. Before the budget, there is a big decline in the stock market. However, it is expected that the announcements of the government on the day of the budget will give a boost to the market. Anyway, this budget is going to be presented when the country is on the path of economic recovery. In such a situation, almost every segment expects that the government will keep this budget growth oriented. Experts of the stock market say that some such announcements are expected in the budget, so that the market can become investment friendly not only for domestic investors but also for foreign investors. At the same time, a clear roadmap should also be presented to increase consumption. Relief is also expected on the tax front. Business Khabar has sought to know the opinion of experts on all these issues.
Be investment friendly Indian market
Tradingo’s founder Parth Nyati says that with only a few days left for the Union Budget to be presented, the eyes of every sector are on the announcements of Finance Minister Nirmala Sitharaman. The scope of the Indian stock market is gradually increasing. In such a situation, the government should take some such measures so that the market can become more investment friendly for the investors. For this, attention should be paid to reducing the transaction cost, which is already very high in India. If the transaction cost is reduced, more and more foreign investors will also be attracted towards the Indian markets.
One is the transaction cost is high, secondly the sentiments of investors worsen due to Long Term Capital Gains (LTCG) and Security Transaction Tax (STT). Therefore, some relief is expected on them in the budget. He says that the relief on STT, stamp duty and GST in the coming budget can prove to be a big booster for the discount brokerage industry as well.
Clear roadmap to increase consumption
Swastika Investmart Ltd. Sunil Nyati, managing director, says that the way the budget was growth oriented last year, this time also there are similar expectations from the government. He says that it is expected that the government will keep its fiscal expenditure high. At the same time, the focus is also expected to be on infrastructure. He says that there is a need to increase the tax benefit on housing loans. At the same time, a clear roadmap is needed to increase consumption.
The market expects more clarity from the government on matters like asset monetization and disinvestment. As far as tax is concerned, the government should either remove STT or reduce it in the budget. Having both LTCG and STT is not in the interest of investors. The government can focus on giving maximum jobs by making big announcements for the real estate and auto sector.
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