What to expect from Interim Budget 2024, Srikanth Subramanian decodes

ETMarkets spoke to Srikanth Subramanian, CEO, Kotak Cherry on what investors should expect from Budget 2024 and how one should allocate money in 2024.

This government isn’t known for too many populous policies as far as the budget before the election goes.

The expectation that since it is an interim budget, the government is likely to continue with their manufacturing incentives, support the infrastructure-related capex in the country, and lay out a plan for disinvestments.

There might even be some fine-tunings made in the income tax structure to make the new regime the preferred route of taxation, to simplify the tax regime.

But any major announcements that set the course for the new government will only come later once the full budget is presented.

For equity, one can look at allocating something like 60-70% in large caps and the rest in midcaps and smallcaps.(Disclaimer: Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of the Economic Times)