Axis Bank, HCL Technologies, Maruti Suzuki, NBCC and Union Bank are their top five stock picks.
'Four years into his tenure and Modi still has no idea what is wrong with the agriculture sector!'
'Analysts see BECA as a 'force multiplier' for India.' 'But China too is known to have such capabilities.' 'The military gap with China will continue to remain a fact of life, BECA notwithstanding,' argues Ambassador M K Bhadrakumar
Markets have gone into a tailspin, the Modi govt must revive investment sentiment.
President Ram Nath Kovind addressed the nation on the eve of India's 75th Independence Day. Here's the text of what he said:
PSU divestment, LIC IPO, fiscal deficit: Budget 2021 marks a clear change in the Modi government's stance from fiscal conservatism to growth orientation.
The government has unleashed a slew of reforms to attract greater investments including higher foreign direct investment in defence and opening up the railways infrastructure sector, relaxed labour laws, launched campaigns like the Make in India for re-invigorating manufacturing, Clean India and Digital India, among others.
'The Budget has maintained fiscal prudence while announcing a number of steps to boost growth, particularly in infrastructure and rural sectors.'
'Industry observers are certain the next attempt will succeed even if they have to browbeat someone into buying as the government has put its might behind it,' predicts Anjuli Bhargava.
Its 'failure not just affects the military's effectiveness but could also be politically vulnerable for the BJP,' observes Ajai Shukla.
Finance Minister Arun Jaitley said that it is imperative to maintain high growth rates.
China's new leadership headed by Xi ruled out massive stimulus similar to the one in 2008 which amounted to $645 billion to tide over the global economic crisis.
The government has hiked foreign investment caps.
President Ram Nath Kovind on Friday strongly defended the three new agri laws saying their benefits have begun reaching 10 crore small farmers instantly, and condemned as 'very unfortunate' the Republic Day violence and 'dishonour' to the tricolour during the tractor parade by the protesting farm unions in New Delhi.
Budget will get a welcome reception from the international biz.
'Swachh Bharat Cess imposed last year should be made broad-based.' 'Budget should be predominantly economy/ business-oriented and problem-solving rather than political consideration-based.'
'The revival of household savings and investment is the litmus test of whether we are on the road to recovery,' says Nitin Desai.
'What do the moves towards protectionism suggest?' 'That we do not have Aatmavishwas.' 'If you have self-confidence, confidence in your ability to compete with the best in the world, why do you need protectionism?'
Prabhu's maiden Railway budget is high on vision.
Initiated move to privatise Air India, but reports on poverty and cast census remained unfinished
'A recent compromise by the state government is accepting NEET exams for medical entrance.'
Arun Jaitley presented the Budget in Parliament on Saturday.
The problem can be met, according to Shubhashis Gangopadhyay, research director of India Development Foundation, by the government tapping into its own land holdings.
India improved its rank on six out of the 10 parameters relating to starting and doing business in a country.
Boost to dairy sector will generate jobs
Investors must be cautious and follow a prudent diversification strategy to mitigate against any risks in case of any unforeseen events.
'The current crisis is one of incomes, driven by poor job growth, agrarian distress and poor investment sentiment,' notes Harsh Pati Singhania, director, JK Organisation.
Change will have to begin with Mr Modi, who by all accounts has shown little active interest in macro-economic issues, preferring instead to focus on the effective implementation of projects and programmes, points out T N Ninan.
Spotlight likely on cement, metals, road cos
At the pre-Budget meeting at Niti Aayog, Modi called for a focussed effort from all stakeholders in order to achieve the target of $5 trillion economy. The participants urged the government to focus on credit expansion, exports growth, governance of PSBs, increasing consumption and job creation.
The passage of the Bankruptcy Code could set the stage for other important legislation that may see India undergo more economic change than all governments combined since the reforms implemented by P V Narasimha Rao in 1991-93, says Ben Merton.
The tour is aimed at boosting India's economic engagement with these nations and inviting more investment.
Geopolitical concerns, earnings sees investors rush to safe haven plays post the Union Budget presentation in July.
Based on the evidence at hand, Modi's goal of scripting a broader, lasting upturn appears some way off, says Rajesh Kumar Singh.
Domestic investors have managed very well to minimise the impact caused by relentless selling by foreign portfolio investors.
'If some measures are implemented quickly, they can help revive growth.'
Gujarat has topped with a score of 71.14% on ease of doing business list.
Some experts says that the high net-worth requirement of Rs 50 crore for setting up an IU is a deterrent.
In the near term, two key factors are the outcome of the monsoon season in respect to cropping yields; and the correction in the crude oil price.
The Budget has unveiled measures that should now pave the way for India to progress from Make in India to 'Innovate in India'.
