Infrastructure development has been a continuous focus area for the government. Experts expect continued budgetary allocations for key areas like roads, railways and airports
With an increased focus on infrastructure, the demand for capital goods and engineering services is likely to rise. This could benefit companies that manufacture: Construction Equipment and Industrial Machinery.
The government might prioritize strategic disinvestment in some PSUs while strengthening others in critical sectors. This could lead to Increased Investment in Core PSUs.
India's focus on national security might translate to Increased Allocation for Defense Spending. Higher budgetary allocation for defense equipment, modernization, and indigenous weapon development is expected. This could benefit defense companies and related sectors.
Besides these key areas, Budget 2024 might also offer positive developments for: Renewable Energy, Affordable Housing and Agriculture & Rural Development.