Tag Archives: budget expectations

Does Sabka Vikas imply Budget Jhakaas?

Budget

Through Modi 1.0, markets witnessed the strongest P/E expansion in an electoral cycle despite a sub-par earnings growth trajectory of just 4.5%, that too with two years of degrowth. The onus, then, is on the FM to convince investors that the transition in Modi 2.0 from strategy & plan to actual implementation (Read: Big Social Spend!) is being executed in a prudent, calibrated manner.

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