Post Budget Quote : The rise in capital expenditure by 33% to Rs10 lac cr is the shot in the arm heading a multiplier effect on the economy Says Vinod Nair, Geojit Financial Services
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Below is Quote On Post Budget Reaction by Vinod Nair, head of Research at Geojit Financial Services
"The market had a mixed expectations on the budget presuming to be populist and low elbowroom for the government ahead of the slowing economy, high inflation and interest rates. However, the government has taken it to a new zone with a well-tuned perfection between growth and stability. The rise in capital expenditure by 33% to Rs10 lac cr is the shot in the arm heading a multiplier effect on the economy. While high amount of schemes and tax benefit to rural economy and taxpayers will enhance consumption growth in India. Much beyond expectations, a win-win for households and corporates. It is a 10 on 10 budget"
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