THIRUVANANTHAPURAM: The Union Budget, despite having no direct impact on the capital marketing, would directly benefit infrastructure development, according to leading stock broker Jibi Mathew.
He said though the budget has not given any big benefits to the corporates, the impact on the infrastructure development could be big, he said.
The announcement of 1 crore low cost houses was a positive note to be seen as far as infrastructure is concerned. With a budget of a minimum `3 lakh per house, about 3 lakh crore money will pulled in this, he said. This will really have a big impact on the economy, he said.
He was delivering talk on ‘Impact of Union Budget and Investment Opportunities in Stock Markets’. The discussion mainly focussed on the impact of budget in capital market. It was organised by Celebrus, a leading stock and commodity broking company.