While Bengal, Kerala and TN hit out, Maharashtra welcomes Centre's move
Govt to shift part of CPSEs debt to itself as it infuses more equity
A lot will, however, depend upon capex execution in a time-bound manner
Abhiram Eleswarapu, head of India equities at BNP Paribas, tells Puneet Wadhwa in an interview that he expects real rates to remain negative for most of 2022
On the private-sector side, capacity utilisation has risen across several industries
Govt's increased capex will benefit Indian companies, but with a lag
The philosophy appears to be addressing the unemployment issue through increased capex, which will have a multiplier impact on the economy
Tax revenues have been a bright spot for the Centre in FY22
Devolution to grow 13% to Rs 8.1 trn in FY23. Power reforms to allow borrowing up to 4% of GSDP in addition to Rs 1 trn capex loans. But funding for centrally-sponsored schemes stagnates
Companies to bag for roads, railways and defense projects
Highest ever capital expenditure at Rs 2.45 trillion; Operating ratio for 2021-22 revised downward to 98.93%
FM pointed out that the 'Production Linked Incentive' scheme for 14 sectors will also be a trigger for job creation
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In her Budget speech to Parliament on Tuesday, Finance Minister Nirmala Sitharaman proposed to increase the capital budget outlay by over 35 per cent
Stimulus measures announced so far during FY 22 include liquidity enhancing and investment boosting measures such as PLI, credit guarantee schemes and export boosting step, survey says
Demand for steel to get a boost with higher roads, rail spend
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The Budget is expected to push public capital expenditure (capex) and simultaneously create a conducive environment for private capex
Competition for investment & FOMO have pushed up valuations, he says
India's Federal Budget FY23's Capex thrust is likely to focus on rural welfare and employment generation schemes.