Budget Triggers That Could Spook Dalal Street: CIO Deepan Kapadia Flags Concerns
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Moneycontrol•29-01-2026, 06:33
Budget Triggers That Could Spook Dalal Street: CIO Deepan Kapadia Flags Concerns
- •Deepan Kapadia, CIO at Spark Capital PWM, warns against fiscal consolidation slippage and capital gains tax tweaks in the upcoming Budget.
- •He suggests that aggressive deficit cutting at the expense of capex could also disappoint markets, weakening growth multipliers.
- •Kapadia's priorities as Finance Minister would include preserving growth, maintaining fiscal credibility, sustaining public capex, and targeted consumption support.
- •He believes the EU–India trade deal is likely to be broader and more significant than a potential US–India deal due to its structured framework.
- •Major risks for India include global macro risk, geopolitical and commodity shocks (especially oil prices), and equity valuation risk.
Why It Matters: Deepan Kapadia highlights fiscal slippage, capital gains tax, and capex dilution as key Budget risks for markets.
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