IGI Logo

Below the Post budget announcement on Insurance and Investment Banking Sector by Ms. Anitha Rangan, Economist, Equirus

“While adhering to fiscal consolidation, the budget sets a reform centric longer term vision by including all stakeholders viz. states, and public private partnership.  Fiscal deficit at 4.4% for FY26 and 4.8% balances the fiscal deficit while at the same time, several progressive reforms in agriculture, rural, MSME, employment is constructive. With a special focus on long term investment encompassing, people, economy and innovation, the fund mechanism of funding will encompass private participation. In addition, there is focus on urban development and revitalization of asset monitisation along with clean energy which suggests more longer term focus.  While capex growth does not look very robust, implicit capex via long term reforms shows promise. Simplification of DT reforms will be announced in a week, but the icing in the cake came in the end with income tax relief to middle class (with direct tax foregone of Rs.1 lac crores)”.

Overall, policy centric, consumption centric, strong focus on execution should follow the strong intent."

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