Three factors that can take the market higher: Gautam Chhachharia

Gautam Chhaochharia, Global Markets Head, UBS India, discusses the emerging markets landscape shaped by global volatility, domestic flows and fiscal policies. He highlighted that the upcoming budget may bring 80 bps fiscal consolidation, but no major changes in capital gains tax are expected, keeping investor sentiment stable. Capital expenditure has been a big disappointment in recent months, but any budget-driven boost could give the market a boost. Chhaochharia estimates that reforms as well as policy normalization by the RBI and the government could drive market growth to 2025.