The Union Budget announcements have a high potential to influence market trends.
Here are 5 sectors that investors should look out for as FM Nirmala Sitharaman may focus on them in the full budget of FY 2024-25.
With job creation as one of its biggest agendas, the government is expected to introduce measures to promote labour-intensive manufacturing in the Union Budget 2024. Industries such as auto, cement, and metals may get a boost.
The current government has focused on increasing capital expenditure on the infrastructure sector and is expected to continue doing so to meet the long-term vision of a ‘Viksit Bharat’ by 2047.
FM Nirmala Sitharaman is likely to give special attention to the railways, defence, and shipping sectors in the upcoming Budget 2024.
The Finance Minister is expected to provide the necessary impetus to India’s agriculture sector in this year’s full budget to boost the rural economy and the overall welfare of farmers.
The government’s focus on the green energy sector is likely to continue amid the ambitious target of achieving a renewable energy capacity of 500 GW by 2030.