Pre-Budget Expectation : We anticipate that the 2024 interim budget will adequately make NBFCs part By Mr. Umesh Revankar, Shriram Finance
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Below Budget Expectation quote by Mr. Umesh Revankar, Executive Vice Chairman, Shriram Finance
“We anticipate that the 2024 interim budget will adequately make NBFCs part of sustainable economic growth towards achieving the USD 5 Trillion economy milestone. We expect the accent on infrastructure capex to continue with a focus on logistics improvement which is essential for "Make in India" to be a big success. Likewise, the government would do well to persist with its privatization thrust as it professionalizes the business environment.
We strongly feel that the interim budget, while persisting with the thrust on infrastructure spending and privatization, should prioritize fiscal stability, MSME empowerment, and a simplified GST regime to foster a conducive business environment for NBFCs to provide crucial funding to small businesses.”
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