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Interim Budget 2024 Expectations from Ashwini Shami,smallcase Manager, EVP & Portfolio ManagerOmniScience Capital

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We believe spending on defence will continue. India is looking to become an exporting hub for defence. We already have attachés from more than 80 countries. It has become a significant part of the economy and the market over the last five years inspiring tremendous excitement. Overall, expecting the Amrit Kaal theme to continue from the budget – it will cater to the masses. Continued focus on capital expenditure is expected, in addition to the other focus areas that the government had maintained last year. This will be done while maintaining the fiscal deficit. No big announcement expected for the start-ups ecosystem, but the government will definitely be doing right by start-ups in the longer horizon. The government has done well in building the start-up ecosystem with the introduction of building blocks for start-ups; Aadhar and UPI. Gift City is a beautiful example of the government’s start-ups focus, riding on technology transformation.

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