Pre-budget quote by Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance

13 Jan 2022 , 12:30 PM

Pre-budget quote by Mr. Sampath Reddy, Chief Investment Officer, Bajaj Allianz Life Insurance:

‘’We are expecting that the Union Budget to be growth oriented and emphasis likely to be on sectors like manufacturing, healthcare, and infrastructure which would help with job creation. Given the Governments’ commitment towards climate, we expect the electric vehicles (EV) segment may also see an additional boost with specific incentives for the charging infrastructure.

As the direct and indirect tax collections are picking up, we are excepting that the government to achieve its budgeted fiscal deficit target for FY22, in spite of miss on budgeted divestment revenue target (as per the current run-rate). The government has already announced National Monetization pipeline, PLI schemes, and increased outlay for capex, and we expect that the thrust to continue going forward as well.’’

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