What are the expectations of stock market investors about the Union Budget?

BY A STAFF REPORTER 

 Sonam Srivastava, founder of Right Research, said, "The Budget 2023 will continue to focus on capital expenditure as a driver of growth and boost production while continuing post-pandemic fiscal consolidation. The finance minister will try to raise capital expenditure to 3.5 per cent from the current 2.9 per cent of GDP. He can also rationalise personal income tax rates to boost demand. The focus will also be on improving the ease of doing business. The budget is expected to continue to focus on reviving domestic production and has the potential for PLI schemes for labour-intensive sectors. Most importantly, the budget is expected to focus on post-Covid fiscal consolidation and divestment and reduction of subsidies instead of being populist.