IGI Logo

Below the Perspective on Union Budget 2025-26 by Mr. Nimesh Chandan, CIO, Bajaj Finserv Asset Management

“This is the first full fiscal budget of NDA 3.0 & has traits of being a vision statement. The government has continued the path of fiscal consolidation. In fact, among the major economies, India has seen the best fiscal consolidation. This also creates room for monetary easing for RBI. The recovery post-Covid-19 was a ‘K’ shape recovery. Wherein, the upper segment has done well, but the middle & lower levels did not grow much. This budget takes care of this difference by reducing the burden on the middle class taxpayers. The allocation on capital expenditure was a tad lower than expected but will be much better than revised estimates for FY25. The Government has also outperformed on its fiscal consolidation target for both FY25 and FY 26, at 4.8 per cent of GDP and 4.4 per cent of GDP respectively. The net borrowing numbers are as per market expectations. This budget is likely to have a positive impact on economy, businesses and markets. “

Above views are of the author and not of the website kindly read disclaimer