Post Budget Analysis : Budget is pro-growth with focus both on investment and consumption Says Rahul Singh, Tata Mutual Fund
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Below is Equity Quote by Rahul Singh, CIO-Equities, Tata Mutual Fund
“Budget is pro-growth with focus both on investment (capital outlay increase) and consumption (direct tax cuts). This will be important driver of broad-based GDP growth in FY24E, critical to maintain the fiscal roadmap outlined by the government. Meanwhile, capital gains (on equity) remain unchanged which addresses one of the concerns pre-budget. Tax changes on some savings products in insurance is a negative for the insurance sector.”
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