Budget 2026: Capex, Reforms, Fiscal Discipline Key for India's Growth, Says Puneet Sharma

• Puneet Sharma, CEO of Whitespace Alpha, advocates for increased capex and infrastructure push, avoiding broad consumption sops in the upcoming Budget.
• He believes job creation and income growth through infrastructure spending are more effective for consumption than fiscal handouts.
• Sharma highlights India's domestic growth engine, ensuring stability amidst global shocks and geopolitical tensions.
• FPI ownership in Indian equities is at a multi-year low, presenting an opportunity for gradual return as global risk appetite improves.
• Double-digit credit growth is expected, with banks being attractive due to clean balance sheets and reasonable valuations.

Why It Matters: India's growth strategy should prioritize capex, structural reforms, and fiscal discipline over consumption sops.