Union Budget 2023 can be a blockbuster budget which could give the market and economy the much needed boost, Gaurav Verma of 21G Investment Advisers told Moneycontrol in an interview.
A smallcase manager and the director of the investment firm, Verma, feels that PSU banks, capital goods, and infrastructure are hot themes to look out for in 2023.
With 15 years of experience, he is bullish on PSU banks over private lenders. He feels that big money is now expected to pour in to the PSU banks since they are still discounted as against the private sector, which is currently fully priced.
Verma believes Indian markets will continue to outperform the global market going forward. Therefore, this is the ideal time to act aggressively rather than waiting for a correction, he suggests. Edited excerpts: