5 Sectors To Be On Radar On The Big Budget Day

Indices end higher on the previous day with a strong momentum as the Economic Survey highlighted that the GDP growth for Fy 23 shall be a good between 8-8.5%.

Real estate:

Given the current work from home regime, there is high expectations around big benefits as well as extension of breaks for the affordable housing segment. The given boosts shall augur not only good for the real estate but also the financing companies.

Infra:

In the Economic Survey 2022, the government highlighted that infra shall be pushed given the government's comfortable fiscal position.

Green Energy:

The finance ministry is expected to realise the goal of 500 gigawatt renewable energy by 2030. A massive push for public mobility infrastructure, power distribution infrastructure and renewable capacity addition is required in the Budget, considering India's commitment to reduce carbon emissions, say industry experts.

EV: Also, given the high cost of fuel and to promoter greener environment, big incentives are sought to push Evs or electric vehicles.

Insurance: Insurance deduction limit is expected to be increased under 80D. Also for mediclaim the GST rate is expected to be reduced from 18% to 5%.

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