Quality of the Budget should be fabulous as Modiji will not go for a very populist one: Madhu Kela

Madhusudan Kela, a market veteran, discusses the importance of being prepared for market corrections and delinking research from execution. He believes in the long-term potential of the Indian economy and the consensus agreement on the Indian stock market. The budget’s significance has diminished over the years, but Kela expects a fabulous quality budget with a focus on fiscal consolidation. He predicts a realistic fiscal deficit of 5.2-5.4% and emphasizes the potential of strategic disinvestment in PSU companies. Kela also highlights the opportunities in infrastructure and PSU banks due to their undervaluation and deposit advantage.