Sectors To Watch Out For

Budget 2022 was presented amid high expectations from all segments of investors. The embers of expectation were stoked a day before when the Economic Survey forecasted 8-8.5 per cent growth for the next financial year. The market was anticipating measures that would directly boost consumption. However, Finance Minister Nirmala Sitharaman focused on accelerating economic growth. At the beginning of her speech, she said, “This Budget seeks to lay the foundation and give a blueprint to steer the economy over the Amrit Kaal of the next 25 years–from India at 75 to India at 100.”

The major thrust was towards creating a stronger infrastructure for future India. Capital expenditure was enhanced significantly by 35.4 per cent (year-on-year), from Rs 5.54 lakh crore in the current year to Rs 7.50 lakh crore in 2022-23. This is more than twice the expenditure of 2019-20.

Capital spends on the Ministry of Road Transport and Highways has been raised 55 per cent. Market experts say the higher capital expenditures will translate into incremental demand in its allied sectors. Here is a roundup of 10 sectors that are likely to get impacted.