• Budget 2022 Nirmal Jain: Focus should be on growth and more importantly on creating jobs

  • 2022/01/28
  • 再生時間: 16 分
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Budget 2022 Nirmal Jain: Focus should be on growth and more importantly on creating jobs

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  • The founder and chairman of IIFL Group believes that the government will focus on revival of economic growth and creation of jobs in the coming year. Jain thinks last year it had to take a one-time large hit on revenue expenditure due to the sudden second wave; it went up from 1.5% of GDP to 2.3% of GDP due to higher allocation towards subsidies. Jain says while the government will incur a shortfall when it comes to its ambitious divestment target of Rs 1.75 lakh crore, a lot of ground has been covered for assets to be sold in the coming financial year, which will provide money for expenditures.

    On inflation, which has been a cause of concern globally, and with the US Fed indicating a rate hike, Jain believes that the writing is on the wall and it will impact emerging markets and all risky assets across the globe. “We should prepare for a corrective phase in the stock markets.” In this podcast, he also cautions new age investors who have less appetite, to completely avoid startup companies which are still in the price discovery phase

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あらすじ・解説

The founder and chairman of IIFL Group believes that the government will focus on revival of economic growth and creation of jobs in the coming year. Jain thinks last year it had to take a one-time large hit on revenue expenditure due to the sudden second wave; it went up from 1.5% of GDP to 2.3% of GDP due to higher allocation towards subsidies. Jain says while the government will incur a shortfall when it comes to its ambitious divestment target of Rs 1.75 lakh crore, a lot of ground has been covered for assets to be sold in the coming financial year, which will provide money for expenditures.

On inflation, which has been a cause of concern globally, and with the US Fed indicating a rate hike, Jain believes that the writing is on the wall and it will impact emerging markets and all risky assets across the globe. “We should prepare for a corrective phase in the stock markets.” In this podcast, he also cautions new age investors who have less appetite, to completely avoid startup companies which are still in the price discovery phase

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