Expectation is that the government may continue with indicated allocation of funds for Capex in interim budget and social welfare schemes. This optimism is fueled by the RBI's recent windfall dividend distribution (you can refer to our “Health of your Wealth – May 2024” blog for more details regarding RBI’s dividend payout to Government)., which has provided a boost to the government's finances.
However, the challenge of balancing the expectations of coalition partners may also influence the allocation of funds. Despite these challenges, hopes are about the Govt’s continuous priority on infra projects and social programs, driving economic growth and development.
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Following the global economy, the Indian economy has responded more positively. The article looks at where future earnings growth would be driven from.
