New Delhi, Jan. 20 -- Varun Goel, Senior Fund Manager at Mirae Asset Investment Managers (India), expects the government's focus on infrastructure spending to continue in Budget 2026, with further impetus on roads, railways and green energy. In an interview with Mint, Goel shared his views on the Indian stock market outlook, Q3 earnings expectations and key risks facing the market. Edited excerpts:

We expect the focus on infrastructure spending to continue with further impetus on roads, railways and green energy. Defence allocation increase will be beneficial for the defence sector. Any rationalisation in capital gains/STT will be a positive.

FY26 has turned out to be a year of growth rebound for India. Significant monetary easing, GST ...