5 Sectors to Watch if BJP Wins 2024

Lok Sabha Elections conclude, investors are closely monitoring the potential impacts on various market sectors.

Defence Sector Potential

The defence budget saw a 4.72% increase to ₹6.21 lakh crore. Modernization efforts and foreign investments could significantly boost defence stocks.

Railways Set for Growth

The National Rail Plan 2030 aims to invest ₹50 lakh crore in railway infrastructure. Projects like high-speed rail and station redevelopment could drive sector growth.

Oil and Gas

Policies like the Hydrocarbon Exploration and Licensing Policy and the PMUG project, including a 2,655 km pipeline, aim to boost domestic production and impact gas companies positively.

PSU Banks

Reforms in PSU banks include recapitalisation, governance improvements, and digital advancements, promising better asset quality and increased lending capacity.

Startup Ecosystem Expansion

Indian startups raised over $10 billion in 2021. Initiatives for ease of doing business have fostered growth in sectors like FinTech, HealthTech, and EdTech.

Awaiting Election Results

As the nation awaits the final election results, investors remain watchful. Let’s see what happens on the actual result day and how it shapes the market.