The Finance Minister will be presenting the Union Budget 2020 on February 1. The corporates, industry, market watchers, mutual fund industry, common man, farmers etc are all keenly waiting for the budget to announce measures that would boost economic growth.
S Krishna Kumar, CIO equity at Sundaram Mutual Fund said, “The Street is looking forward to a story from the budget. A story which is realistic, which acknowledges the fiscal strain and which talks about a path to get out of the fiscal strain through things like divestment, aggressive asset monetisation, improved climate for foreign direct investment (FDI), and supported by promise of making rural incomes better.”
“A combination of both fiscal push and ground level improvements on the rural income side would be appreciated. Income tax cuts, capital gains tax etc are good sentiment boosters but lot more needs to be done at the ground level for the masses,” he added.