Investors liked the consumption thrust in the budget
Budget’s tone also suggests that consumption-led growth is an answer to the country’s tight finances
The stock markets love good headlines and the interim budget had plenty. The fiscal deficit numbers turned out to be lower than market expectations for the current fiscal year, while increased income for farmers and the middle class is expected to boost consumption demand. As the real estate industry is one of the largest employment providers, besides being a large vendor for many other industries, sops for the sector helped improve investor sentiment as well.