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Delhi outcome won’t result in friendly Budget: Geospehere

According to Arvind Sanger, BJP should not make any populist noises now and it will be crucial to see how the government reacts to the AAP win in Delhi. Sanger is also expecting continued action by BJP in important ordinance issues.

The Aam Aadmi Party (AAP) has turned out to be a clear winner in the Delhi elections. Reacting to the news, Arvind Sanger, Managing Partner, Geosphere Capital Management said that AAP is likely to take some populist decisions in Delhi.

According to him, BJP should not make any populist noises now and it will be crucial to see how the government reacts to the AAP win in Delhi. Sanger is also expecting continued action by BJP in important ordinance issues.

On Budget, Sanger says it is nothing more than a statement of intent though it will be important to see the quality of the fiscal deficit and government’s vision on subsidies and investments going ahead.

Sanger believes market has headwinds like higher oil prices and weak earnings. He, however, remains bullish on banks.

Interview transcript to follow shortly

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