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By Prashant Joshi, Co-Founder & Partner,  Fintrust Advisors LLP

The Budget is growth-oriented. It aims to provide the impetus to the enablers for long-term growth sectors and pays attention to new sunrise areas of growth and startups. It is targeted to promote domestic manufacturing, enable broader financial inclusion, ease of doing business, urbanization with a special focus on overall infrastructure and increased CAPEX. Though details are awaited (sector/segment-wise break up), a total 35% increase from Rs 5.4t to Rs7.5t in FY23 is a big positive. In a significant move that is believed to have brought cryptocurrencies and non-fungible tokens (NFTs) under a tax net. Overall a good, prudent and well-balanced budget.

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