01-02-2024 04:47 PM | Source: Yes Securities India Ltd
Post-Budget Reaction from Mr. Anshul Arzare, MD & CEO, Yes Securities India Limited

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Below the post-budget reaction from Mr. Anshul Arzare, MD & CEO, Yes Securities India Limited

 

“In crafting an interim budget geared towards a Viksit Bharat by 2047, Finance Minister Nirmala Sitharaman’s paints a forward-looking canvas, granting headroom for growth. With a focused lens on the underprivileged, women, youth, and farmers, the budget strives to bridge systemic inequalities, propelling India towards a $5 trillion economy. Fiscal prudence remains a cornerstone, as the government targets a fiscal deficit of 5.1% by FY25 and ambitiously aims for sub-4.5% by FY26. The buoyant FDI at $596 billion underscores global confidence in India's economic trajectory.

 

In the face of 5.7% inflation, the FM extends relief to taxpayers, raising the no-tax liability threshold to Rs 7 lakhs. Doubling down on infrastructure, a 11.1% increase in capex to Rs 11.11 lakh crore reflects a commitment to robust development. The budget also champions innovation, offering a Rs 1 lakh crore corpus with 50-year interest-free loans for entrepreneurs, coupled with tax benefits for start-ups and strategic investments. Embracing green energy, offshore wind projects align with the government's net zero pledge by 2070. In essence, Sitharaman’s budget stitches a narrative of inclusive growth, fiscal discipline, and innovation, sketching a path towards India's transformative journey.”

 

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