EV sector is a must watch this time!
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It is difficult to predict which sectors will be impacted the most by the budget as it depends on the specific policies and initiatives outlined in the budget. However, some sectors that are often closely watched during budget announcements that directly or indirectly impact the market include:
- The allocation of funds for infrastructure projects can significantly impact industries such as construction, real estate, and engineering.
- Changes in tax policies can affect various industries and also have an impact on consumer spending.
- The budget may announce policies related to the automotive sector, including incentives for producing and selling electric vehicles, which could impact the industry.
So just wait and watch…