The budget has always been an event when we expect volatility to expand with perception to safeguard the portfolio and hedge the overall risk in the market we see a lot of activity in the derivatives. This budget is no different than previous but the fact remains it is coming in an Election year.
Definitely, We believe the coming budget will be about giving benefits that make an impact at large. Since there are many things to do so as the current environment is favourable. The low inflation environment, growing GDP with a rate above 7%, Higher FDI’s and on the top of it all a contained Fiscal deficit. This certainly gives extra space for the budget to be populist. A recent wave of farm loan waiver has also increased the expectation in the economy and is now seen as a game changer for any political party during elections. So yes, We expect there may be some populist measures that can be seen in this budget.