Interim Budget 2019-20

Published on 1st February 2019
Technology

As expected, this interim Budget turned out to be much more than expected. There
was a fiscal slippage in FY19 to 3.4% against budgeted estimates of 3.3%, though
it was less than market estimates of 3.5%. However, fiscal deficit for FY2020 at
3.4% was ahead of market estimates and significantly ahead of 3.1% as mandated
by the FRBM Act.

We believe that tight fiscal and monetary policy over the past few years coupled
with major structural changes have taken a toll on growth and the dynamics are
not conducive for an inflationary environment. On the contrary, we believe that
slippage of 30bps for FY20 (in relation to FRBM mandated rate) was a much
needed fiscal stimulus and would actually go a long way in addressing the current
rural distress and stimulating growth without stoking inflation.

Download Full ReportPDF download
View Full Report in Browser
NEUTRAL
CMPNA
Target PriceNA
Investment Period 12 Months

Related Post

Union Budget Report 2025

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY23-24

CMP: 0.0000
Target Price: 0.0000

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Pre-Budget report 2022-23

CMP: 0.0000
Target Price: 0.0000

We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there

Angel One Union Budget 2021-22 Preview

CMP: 0.0000
Target Price: 0.0000

Post the Covid-19 pandemic there are expectations that the budget would contain measures t

Update on Government stimulus package - part2

CMP: 0.0000
Target Price: 0.0000

Size of economic stimulus announced is below market expectations
 The Finance minister

Update on Government stimulus package - part1

CMP: 0.0000
Target Price: 0.0000

Focus on agriculture and MSME sector along expected lines
 The Finance minister has an

Investing_in_the_time_of_Covid_19

CMP: 0.0000
Target Price: 0.0000

Investing_in_the_time_of_Covid_19

Johnson Controls-Hitachi Air Condition. India Ltd

CMP: 3218.0000
Target Price: 0.0000

Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu

Union Budget Report 2025

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY23-24

CMP: 0.0000
Target Price: 0.0000

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Pre-Budget report 2022-23

CMP: 0.0000
Target Price: 0.0000

We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there

Angel One Union Budget 2021-22 Preview

CMP: 0.0000
Target Price: 0.0000

Post the Covid-19 pandemic there are expectations that the budget would contain measures t

Update on Government stimulus package - part2

CMP: 0.0000
Target Price: 0.0000

Size of economic stimulus announced is below market expectations
 The Finance minister

Update on Government stimulus package - part1

CMP: 0.0000
Target Price: 0.0000

Focus on agriculture and MSME sector along expected lines
 The Finance minister has an

Investing_in_the_time_of_Covid_19

CMP: 0.0000
Target Price: 0.0000

Investing_in_the_time_of_Covid_19

Johnson Controls-Hitachi Air Condition. India Ltd

CMP: 3218.0000
Target Price: 0.0000

Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu

Union Budget Report 2025

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Union Budget Review FY24-25

CMP: NA
Target Price: NA

The Government's fiscal deficit target for FY2024-25 is set at 5.1%, which was better than

Union Budget Review FY23-24

CMP: 0.0000
Target Price: 0.0000

The Government in line with their aim to reach a fiscal deficit level below 4.5% of the GD

Pre-Budget report 2022-23

CMP: 0.0000
Target Price: 0.0000

We expect the Union Budget 2022-23 will focus on gradual fiscal consolidation though there

Angel One Union Budget 2021-22 Preview

CMP: 0.0000
Target Price: 0.0000

Post the Covid-19 pandemic there are expectations that the budget would contain measures t

Update on Government stimulus package - part2

CMP: 0.0000
Target Price: 0.0000

Size of economic stimulus announced is below market expectations
 The Finance minister

Update on Government stimulus package - part1

CMP: 0.0000
Target Price: 0.0000

Focus on agriculture and MSME sector along expected lines
 The Finance minister has an

Investing_in_the_time_of_Covid_19

CMP: 0.0000
Target Price: 0.0000

Investing_in_the_time_of_Covid_19

Johnson Controls-Hitachi Air Condition. India Ltd

CMP: 3218.0000
Target Price: 0.0000

Johnson Contls-Hitachi Air Conditioning India is engaged in the business of
 manufactu

Open Free Demat Account!
Join our 3.5 Cr+ happy customers