Last Updated : Jan 24, 2018 11:20 AM IST | Source: CNBC-TV18

Budget 2018: Allianz Global wants govt to focus on growth momentum

Would like the Budget 2018 to continue with the growth momentum and manage finances carefully, said Lucy Macdonald of Allianz Global Investors.

CNBC TV18 @moneycontrolcom

The Indian equity market is in no mood to take a breather, it continues to surge ahead of the Union Budget 2018 on February 1.

To understand the significance the Budget for FIIs with regards to continuing their investments, CNBC-TV18 spoke to Lucy Macdonald of Allianz Global Investors.

She said they would focus on the impact of taxation on corporate earnings. So, one would expect some sort of tax easing, although fiscal prudence would also be favaourable.

When asked if long-term capital gain tax on equities would be termed as negative for them, she said extra tax is a negative and not increase enthusiasm for the market.

With regards to fiscal deficit, she said discipline is good and would like the government to manage the finances carefully.

More importantly, would like the Budget to continue with the growth momentum because post demonetisation and GST the earnings of corporates were impacted and have started to improve now, she said.
First Published on Jan 24, 2018 11:14 am
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