Auto, Banks, defence, and aviation sectors to stay positive in NDA 3.0

India's economy is on a positive trajectory with a focus on infrastructure development driving growth, highlights a report "India Strategy" by Prabhudas Lilladher, a stock broking company.

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The report noted that after the successful contest in the election and the formation of NDA government at the center, the government will continue its capital expenditure. The report highlighted that the government will maintain a focus on capex-led growth around PLI, roads, ports, aviation, defense, railways, and green energy, given a 20bps lower fiscal deficit in FY24, normal monsoons, and a Rs 2.1 trillion dividend from RBI. The fiscal deficit for FY24 stands at 5.6 per cent, providing room for the government to push for growth and populism. The RBI's dividend of Rs 2.1 trillio