Quote on Budget by Deepak Shenoy, CEO and Founder of Capitalmind
Below the Quote on Budget by Deepak Shenoy, CEO and Founder of Capitalmind
“This budget puts more money in people’s hands, which should give a solid boost to consumption, consumer durables, and tourism. The MSME sector incentives will boost manufacturing. Manufacturers of lithium-ion batteries and electronics, thanks to lower import duties will also be benefited. The big push on shipping—especially inland shipping—will give the industry a much-needed boost. Plus, with a lower fiscal deficit, we could see interest rates come down, making room for potential rate cuts. That, in turn, should spur private capex and encourage more lending by banks and NBFCs, further driving economic growth."
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