Experts are of the opinion that the budget will be encouraging for the country's stock market

Mumbai: The budget for the current fiscal year will focus on increasing consumption expenditure and development of the infrastructure sector, which will be positive for the business industry, a pre-budget survey conducted by a media house has concluded.

The survey report also estimates that the five trillion dollar Indian stock market will give twenty percent returns to investors in the current full year.

About two dozen strategists and big investors who participated in the survey expressed the opinion that the Nifty 50 index could reach the level of 26000 by the end of 2024. Nifty50 has gained 12 per cent so far this year.

After the BJP-led government was established at the Centre, investors are paying more attention to the consumer sector in the hope that the government will come up with popular proposals to support the economy in the upcoming budget. The early arrival of monsoon has also made the conditions favorable.

Corporate results in the financial year ended 2023-24 have been encouraging and this trend is expected to continue in the current financial year as well, a strategist participating in the survey opined in the survey report.

13 out of 24 respondents expected Nifty companies to maintain strong revenue growth.

The budget for the current financial year is likely to be presented around July 24. The impact of the policies that the Modi government wants to prioritize in its third term will be seen in the upcoming budget.

An analyst said, while maintaining fiscal discipline, the government will try to keep every section happy by increasing capital expenditure.