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ETMarkets Smart Talk: 3 ‘Cs’ for which the Interim Budget should be given a score of 10 out of 10: Anil Ghelani
Anil Ghelani says: The budget announcement on a prudent gliding down of fiscal deficit has led to a sharp drop in yields in the fixed income space. This is positive for the bond market, and various sectors, including renewable or green energy, are likely to benefit. While sustainable growth will lead to higher consumption, to ensure a specific boost to consumption many measures are focused on the rural economy, leading to a direct boost in rural consumer demand.