Reaction on Budget 2024 by Vaibhav Shah, Fund Manager, Torus ORO PMS
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Below the Reaction on Budget 2024 by Vaibhav Shah, Fund Manager, Torus ORO PMS
"Overall budget touched upon various important aspects like rural development, employment, women empowerment, fiscal consolidation, capex continuity etc. Fiscal consolidation path is a welcome move which was revised lower than interim budget. Initiatives in rationalization of tax structure is a step in the right direction. Inspite of coalition overhang, capital expenditure was maintained at the same level. So overall the narrative was clear on the growth aspect and the efforts will be made towards transforming the economy. Hike in capital gain tax took markets by surprise adding nervousness around the rate regime"
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