Daily Voice | Don#39;t expect any broad tax cuts, but sops likely for farmers, EVs, and semiconductors, says Kanika Agarrwal of Upside AI

Daily Voice | Don#39;t expect any broad tax cuts, but sops likely for farmers, EVs, and semiconductors, says Kanika Agarrwal of Upside AI

Kanika Agarrwal, Co-Founder of Upside AI



The Union Budget is going to be presented by Finance Minister on February 1. Kanika Agarrwal, Co-founder at Upside AI says given government finances today, they don't expect any broad tax cuts. However, "There could be pockets of sops for farmers given the tumultuous relationship the government has had with the farm lobby last year."

Apart from budget, UP elections will be a key event to watch out for in coming months. "Markets like stability and any surprise in election results or policy changes are a risk to market sentiment," says Kanika who has over 11 years of experience in finance and investing.

Omicron cases have been rising in India and globally. Do you still count it as a major risk for the global markets? What are the other risk factors?

At any point, one should assume that all publicly available information has been priced in to the markets. While we are reporting highest number of COVID-19 daily cases, markets are not plunging. This is because data suggests that while Omicron is more contagious, it is less lethal. Hence, governments are reluctant to enforce lockdowns again. The risk is in any change to this assumption