Ashok Wadhwa, Group CEO, Ambit; Nirmal Jain, chairman, IIFL; Raamdeo Agrawal, co-founder, Motilal Oswal Financial Services; Mahesh Nandurkar, India strategist, CLSA and Sajjid Chinoy of JPMorgan shared their expectations from the Union Budget 2019.
If the government announces Rs 1 lakh crore farm income package in the interim budget it will impact GDP by 50-70 basis points (bps).
One basis point is a hundredth of a percentage point.
He also said bond yields would rise if the government does not meet the fiscal deficit target.
Agarwal said, "I wish the government would be looking at the dividend distribution tax (DDT) – it has been an issue from 1998, from 5 percent it has gone to as high as 33 percent, which is not investor friendly or capital allocation friendly."