The federal finance minister read the budget report today for about 2 hours 40 minutes amid huge expectations that the country’s recession will boost the country’s economy in 11 years.
Nirmala Sitharaman speaks of budget as a way to increase revenue and increase people’s purchasing power.
See who will benefit from this budget and who will not:
1. Transportation infrastructure:
Nirmala Sitharaman has been allocated for infrastructure and projects of national highways and railways sector. Thousands of crores. 1.7 trillion or $ 23.7 billion. It will benefit from the construction of highways, 12 highway projects and railway infrastructure.
Infrastructure firms Larson and Toubro, KNR Constructions and IRP Infra are expected to be used.
2. Electronic production:
Production of mobile phones, electronics, semiconductors and medical equipment will benefit from this budget. Vinay Pandit, chairman of India Investment Institutional Equities, told Bloomberg Agency that Dixon Technologies, Amber Enterprises and Subros could benefit.
৩. Rural Development:
2.5 trillion has been budgeted for agriculture and rural development sectors. Avanti Feeds, Apex Frozen Foods and Waterbase are expected to benefit from the creation of about five fish products, as the state plans to expand the fisheries industry.
Container Corporation India Limited will benefit greatly from the announcement of freight trains, ketones, refrigerated storage sheds and refrigerated box government on freight trains. Emami, Hindustan Lever, Dabur and Tata Global FMCG are likely to benefit from the consumer industry.
Nirmala Sitharaman has announced some plans for the development of agriculture in the water shortage zone. VA Tech Wabak Limited is expected to be used, as it is the company that designs wastewater treatment and water treatment plants.
Shares of Shakti Pump India Limited have already been raised due to the farmers’ proposals.
Also, by 2021, Jain Irrigation System, KASP, Kirloskar Brothers Limited, JK Agri Genetics Ltd and PI Industries will benefit from a total of Rs.6 trillion for a piped water project for all families in India.
Clean India project has been announced for Rs 123 billion. Hindustan Unilever, ITC, Proctor & Gumball, Godrej.
The government has decided to further develop the India broadband network. Broadband service for villages is also planned. The government has allocated Rs 60০ billion for this. These include Reliance, HFCL. Limited companies will benefit.
Online Education Department*
The budget focuses on education. 993 billion has been allocated. Accordingly, the top 5 schools in the national rankings will teach online. The National Information Technology Institute and MDUQ are expected to benefit.
Also, TCS, Infosys, Wipro, HCL, Tech Mahindra and other IT companies like LTI, Mind Tree, Percent and Hexaware are also benefiting from the IT industry. Adani is also expected to benefit from these developments.
Pipeline and City Gas Supplier:
India will expand its national gas supply area from 16,200 km to 27,000 km. Pipeline suppliers such as Welspun Corporation, Maharashtra Seamless Ltd, Gemstone, Dupes and Jindal Tea will benefit.
The categories that are not benefiting from the budget are:
Shares of private insurers have declined due to the decision to sell a portion of the government’s stake in Life Insurance Corporation. In 2019, shares of SBI Life Insurance, HDFC Life and Nippon Life India Asset Management Ltd were the biggest hits.
Public Sector Banks:
The budget is silent on investment in public sector banks. This is not the first time after 20 years that the government will not invest in public sector banks.
Also, the budget has caused huge frustration for the fertilizer, logistics and real estate sectors.