Mumbai, Jan 23 : As the Union Budget FY27 approaches, market participants and investors are closely watching for a strategy that balances fiscal discipline with growth support. Analysts expect the government to maintain a focus on capital expenditure, particularly in infrastructure projects, while keeping personal income tax largely unchanged.
Investor attention is expected to remain on policy measures aimed at boosting consumption, manufacturing, employment, and exports. Meanwhile, fiscal deficit management and the government’s borrowing programme are likely to be major market moving factors.
Eight leading brokerage firms, including Goldman Sachs, Jefferies, and HSBC, have shared their outlook on key budget priorities and expected reforms that Finance Minister Nirmala Sitharaman may announce on February 1.