Budget 2016: Will watch out for fiscal consolidation, says Arvind Sanger

Fiscal consolidation will be something to watch out for in the Budget today, says Arvind Sanger, Founder & Managing Partner at Geosphere Capital Management. It will be hard to see a sustained market rally unless it’s a bold budget, he adds. The current global slowdown is unfavorable for Indian growth going forward, he says. One of the sectors that needs significant attention is banking, he says adding that: “highly underwhelmed by the banking announcements so far.” He expects government to allocate higher amount for bank recapitalization in the Budget.For entire interview, watch accompanying videos.