01-02-2024 02:56 PM | Source: Geojit Financial Services Ltd
Budget view: Fiscal Prudence and Infrastructure Focus from Mini Nair, Chief Financial Officer, Geojit Financial Services
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Below the quote on Fiscal Prudence and focus on Infrastructure from Mini Nair, Chief Financial Officer, Geojit Financial Services
"Biggest strength of this budget is the fact that the fiscal deficit is set @5.1% which is significantly lower than expected. Also maintaining the focus on infrastructure development and capex is a positive factor. Plan to focus on the Rural housing program will have multiple constructive effects on the economy as many ancillary industries are linked to housing. Another positive factor is allocation of 1 lakh cr for R&D and innovation. Overall, this demonstrates continued focus on fiscal consolidation and Macro-economic development."
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