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Below Interim Budget Quote by Arvind Kothari, smallcase Manager, Founder - Niveshaay

This is a very effective and historical interim budget. It mentions the achievements of the past and a roadmap towards the future. India has traversed a path from 'Fragile 5' to the world's 'Top 5' economies in just 10 years.

The budget aims at keeping the fiscal deficit under control and focuses on capital expenditure with the additional allocation of INR 1.1 trillion for capex, taking it to INR 11.1 trillion, which should provide continuity in the pace of infra creation and economic growth going forward. The finance minister highlighted the improvement in physical infrastructure from FY 15 to FY 22 with further focus on building the infrastructure with Implementation of 3 major railway corridor programmes under PM Gati Shakti-to improve logistics efficiency and reduce cost, Promotion of foreign investment via bilateral investment treaties to be negotiated, Expansion of existing airports and comprehensive development of new airports under UDAN scheme.

India’s focus on sustainability and energy transition remains at the forefront of the budget with announcements like Roof-top-Solar installations on 1 crore households providing up to 300 units of free electricity monthly, Viability Gap Funding for harnessing offshore wind energy potential, setting up of coal gasification and liquefaction capacity, strengthening e-vehicle ecosystem by supporting manufacturing and charging infrastructure.

The budget also priorities tourism with states encouraged to undertake the development of iconic tourist centres to attract business and promote opportunities for local entrepreneurship and providing Long-term interest-free loans to be provided to States to encourage the development of projects for port connectivity, tourism infrastructure, and amenities will be taken up in islands, including Lakshadweep

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