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Monday, December 23, 2024 | 06:59 PM ISTEN Hindi

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Growth triggers still missing in Nirmala Sitharaman's second Budget

Companies which stand to gain the most are rural focused players, gas utilities, building material makers and logistics firms.

Budget, Nirmala Sitharaman, FM, bAHI Khata, finance ministry
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Finance Minister Nirmala Sitharaman leaving for Rashtrapati Bhawan to present Union Budget 2020-21 in New Delhi on Saturday/PHOTO-DALIP KUMAR

Ram Prasad SahuHamsini KarthikShreepad S AuteUjjval Jauhari
The Street was disappointed with the lack of major measures to boost consumption, and shed the most in a single trading session in over three years. While the Budget largely focused on boosting investments in the agricultural and infrastructure sectors, it did little to alleviate the stress in two key sectors of the economy – auto, which accounts for half of the manufacturing GDP, and real estate, the second largest employer after agriculture. In addition, the lack of announcements to reduce the stress in the non-banking financial sector is also seen to be a headwind for consumption growth. The gradual

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