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Below is Post Budget Quote By Mr. Ravi Subramanian, MD & CEO of Shriram Housing Finance ltd.

The union budget 2023-24 is a prudent and growth-oriented budget. The higher capex outlay will have a huge multiplier effect across the economy. The income tax benefits announced will drive consumption by putting more money in the hands of the middle class. The enhanced outlay for the Pradhan Mantri Awas Yojana by 66% to Rs 79,000 cr is great news for affordable housing in urban areas. The Rs 10K cr Urban Infra Development Fund will be used for transforming urban planning and making cities more sustainable and will boost Housing and Housing Finance. Middle-income consumers have benefited significantly from this budget. I believe the announcements made will trigger a pick-up in credit offtake for affordable housing.

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