India's budget could be a market sell-off event: BofA Securities
Amish Shah, Head of India Research at BofA Securities, details his outlook for Indian markets in the coming year.
Short-Term Negative Triggers (H1)
- Union Budget (Feb 1st): This is viewed as a potential "market sell-off event" due to a lack of fiscal space for significant capex or consumption stimulus [00:02:04].
- State Elections (May): Five major local elections are scheduled in Tamil Nadu, West Bengal, Kerala, Pondicherry, and Assam [00:02:21].
References
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