Expert view, Jan. 28 -- Pranav Haridasan, Managing Director & CEO of Axis Securities, believes a cut in the securities transaction tax (STT) is improbable due to revenue considerations. In an interview with Mint, Haridasan said the Budget 2025 may take a pragmatic stance of pushing growth while staying fiscally responsible. He also shared his views on the Indian stock market and the US Fed interest rate cycle.

Budget 2025 is expected to take a pragmatic stance - pushing growth while staying fiscally responsible.

The fiscal deficit will likely remain within the government's projected target, ensuring capital spending continues, albeit cautiously.

A significant focus will be on infrastructure, with efforts to reduce logistics costs by 4-...