Budget 2019 lacks big-bang surprise; bank recap is a lost opportunity

The budget will not drastically change the weightage of foreign investors as regards to India. They will continue on the same path set earlier, he said.

I don’t think the Budget proposals have an element of a big-bang surprise. That said, there is a bit of positive news for the non-bank finance companies (NBFCs), but nothing that is making me too excited. The divestment figure of Rs 1.05 trillion is quite huge and is a lot of stock to be sold via this route in financial year 2019 – 20 (FY20). 

There are some proposals for the rural markets and thrust on the infrastructure sectors, besides rejig in the public shareholder norms. This will see a lot of stock come into the market over time, but