Quote on Budget Expectation by Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd
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Below the Quote on Budget Expectation by Arvinder Singh Nanda, Senior Vice President, of Master Capital Services Ltd
The fiscal deficit target for FY25 is likely to stay at 5.1% of GDP as per the interim budget. Emphasis will be on job creation through capital expenditure, targeted social spending, and the 'Viksit Bharat' initiative. The budget may also outline a roadmap for fiscal consolidation beyond FY26. While no reduction in personal income tax rates is expected, there could be tax relief for middle-income taxpayers. Key sectors to watch include agriculture, start-ups, housing, railways, defence, electronics, and renewables. Changes in short-term capital gains tax rates are anticipated, but significant hikes in long-term capital gains tax rates are not expected.
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