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Union Budget 2019 - Rajshekar Kalluri, Managing Director at Global Insurance Brokers

Posted On: 2019-07-05 17:51:38

"Budget gives impetus to the investment environment for the next 3-4 years, namely in : Affordable Housing, Infrastructure ( Non Housing - Highways, Airports, Renewable, Metro) and Auto ( Hybrid and EV) . Around 2 cr new homes in affordable category means a massive push for the lower and middle class.

This will give a massive contagion positive effect to the Investment environment by FII & FPI participation, re invigorating banks and NBFCs to participate in the growth story. Nationalised banks get a kicker by recapitalisation pf their balance sheets to the extent of Rs 70 K Crores.

Corporate Taxes slashed from 30 % to 25 % for entities with annual turnover less than 400 Cr. This is a massive gain to the corporate world and these savings by the corporates would improve their liquidity and their solvency and also the ability to rechannelize the savings as investments into their own businesses. Overall a very positive move.

Public shareholding threshold increase from 25 % to 35 % shall mean a wider participation of retail segment in the equity markets bringing about more stability, liquidity and depth to the capital markets. However, promoters may be reluctant to cede the shareholding to the public and this may lead to companies opting for delisting.

Lastly, major push for education system by introducing Higher Education commission - enabling further strengthening and consolidation in the education system.

Well poised for India to reach $ 3 Tn economy this year and $ 5 Tn by FY 2020."


Source: Equity Bulls

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