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Quote on Summation of the Budget by Anshuman Khanna, ValPro

This budget has continued the trend of the government to roll out major reforms and initiatives rather than just being an announcement of tweaks in the taxation regime. We are very happy with the announcements as these cast a light on the India we will be living in by 2035. One with digital land records and e-registrations, greener energy with reduced dependence on foreign fuels, inclusive e-learning for children, connected logistics and digital portals for freight and passenger movement, digitized passports and currency, stability in tax regime and hopefully a continuous reduction of direct tax rates to sub-20% levels with ever increasing collections under GST. The increasing GDP and GST collections (already above 1.4 trillion monthly) will enable the government to continuously increase capital spending way beyond 10 trillion rupees projected for FY22-23 while bringing the fiscal deficit below 3% levels by 2030 while reducing its dependence on direct tax collections.

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