Long-term investors await the Interim Budget 2024 or Vote on Account for a reaffirmation of AtmaNirbhar Bharat and focus on deepening India’s supply chain and investment-led economic expansion. Markets are currently buoyed by liquidity, with strong flows from FIIs and resilient DII flows. The budget may not be as significant as previous ones due to upcoming elections, but infrastructure will remain a focal point, particularly with ambitious PLIs to enhance supply chains and boost supply-driven GDP. Risk factors to watch include managing fiscal deficit and geopolitical risks.
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