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Mr. Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance

"Budget 2022 is a ‘Pro-Growth and Capex oriented Budget‘ yet again exemplifying the government’s unflinching resolve to nurture nascent growth and providing the coveted panacea for reeling sectors bruised due to Covid. While these pro-growth measures have entailed slightly higher than anticipated fiscal deficit and higher market borrowing, the government has clearly given more importance to growth at this juncture and has focussed on holistic infrastructure development as a key catalyst to growth. The budget has touched upon the key chords in terms of infrastructure spend, support for micro, MSME’s and hospitality sector in the form of credit guarantee schemes. However, it has indeed missed on the imperative changes on capital gains tax of FPI’s on bonds for bond inclusion in global indices and housing impetus and has under-promised on the divestment front and revenue estimates. Overall, the Budget intent and rhetoric is positive from a growth standpoint and will surely help in creating a multiplier impact to boost the overall economic growth trajectory."

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