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Union Budget Quote by Rahul Singh, CIO-Equities, Tata Mutual Fund

“Union Budget 2022 followed through with the investment and growth focus which the Government had injected in the 2021 Budget. The sense of urgency to support and drive growth was visible as government maintained the much-needed consistency and persistence required in any pivot in the fiscal policy, which in this case was counter-cyclical bet led by the public investment. In that context, the Budget 2022 consolidates on the gains from 2021 and resisted the temptation to accelerate welfare spending or introduce populist measures, something which was feared in the sections of the market given the impending electoral calendar. The budgeted increase of 35% in FY23 in the outlay for capital expenditure, on an already high base of FY22, was the single biggest takeaway from the Union Budget.”

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