New Delhi, Jan. 29 -- Rajesh Cheruvu, Managing Director (MD) and Chief Investment Officer (CIO) of LGT Wealth India, believes the Budget 2025 may focus on fiscal prudence and introduce measures to stimulate economic growth. He said a fiscal deficit target of 4.5-4.6 per cent of GDP could boost Indian stock market sentiment. In an interview with Mint, Cheruvu shared his views on markets, the "Trump factor", and Q3 earnings.

The upcoming Union Budget for FY26 is likely to emphasise fiscal prudence while introducing measures to stimulate economic growth.

A fiscal deficit target of 4.5-4.6 per cent of GDP is expected, which could bolster market sentiment. However, balancing muted revenue growth with expenditure demands will be a significant...