Post Budget Comment : The Union Budget for FY24 is a well balanced budget targeting fiscal prudence Says Srinivas Rao Ravuri, PGIM India Mutual Fund
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Below is Post Budget Comment By Srinivas Rao Ravuri, Chief Investment Officer (CIO), PGIM India Mutual Fund.
The Union Budget for FY24 is a well balanced budget targeting fiscal prudence, investment push as well as some populist moves in equal measures. Fiscal math appears to reliable as before. Government seems to be targeting inclusive growth with a focus on lower and middle class, spurring domestic manufacturing and infrastructure development. We reckon this is a growth oriented budget hinging on pragmatism."
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