Daily Voice | Retail housing to get thrust in Budget 2022; government may also initiate some novel measures, says Joseph Thomas of Emkay Wealth

Daily Voice | Retail housing to get thrust in Budget 2022; government may also initiate some novel measures, says Joseph Thomas of Emkay Wealth

Joseph Thomas, Head of Research, Emkay Wealth Management



Joseph Thomas, Head of Research at Emkay Wealth Management, says the budget is often seen as a trigger for the market to move up or down. "If the market perceives the proposals and the estimates as realistic, then it will be positive. The stock market moves on how it impacts corporates -- what are the provisions that could help earnings growth."

Thomas feels  retail housing will get a thrust in the budget. "Housing is one of the primary or basic needs that is yet to be met for the majority of the population. In the last few budgets there was an accent on housing, and the government may initiate some novel measures to enhance the reach and impact of those schemes in the coming years," says Thomas, whose experience tracking the economy, markets, portfolios and financial products spans three decades.

Edited excerpts from an interaction with Moneycontrol follow:

Will the budget focus more on populist measures, especially ahead of State elections, or will it be a growth-focused budget?

See, it is very difficult to make a clear distinction between a populist budget and a growth-oriented budget. Usually, the union budgets as well as State