Quote on Budget Reactions by Manish Chowdhury, Head of Research, StoxBox
![](https://portfolio.investmentguruindia.com/uploads/news/Manish Chowdhury.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Below the Quote on Budget Reactions by Manish Chowdhury, Head of Research, StoxBox
The key highlight of the budget is the fine balance between fiscal prudence and welfare schemes, with a special focus on Bihar and Andhra Pradesh. With most pointers in line with the interim budget, the key takeaway is the downward revision to the FY25 fiscal deficit figure to 4.9% and an increase in capital gains tax. Though there is a tinge of populist measures on expected lines, the government remains focused on job creation, infrastructure development, strengthening the ecosystem for manufacturing, renewable energy and new sectors and creating disposable income in the hands of people with key focus on rural. Though we do not rule out some kneejerk reaction in equity markets, the long-term trajectory and the intention of the government looks pro-economy and adding wings to move the economy towards the USD 5 trillion mark in the near term.
Above views are of the author and not of the website kindly read disclaimer
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/National Health Mission.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Vikas Gupta, OmniScience.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/202407243192131.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Bullion Outlook.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Kedia Cotton Report.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Sanjay Sinha, Founder at Citrus Advisors.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/It sector_48729.jpg)
Tag News
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
Reaction on Union Budget 2024 by Dilip Chenoy, Chairperson, Bharat Web3 Association
![Quote on Budget by Dr. Vikas V Gupta, smallcase Manager, CEO and Chief Investment Strategist - OmniScience Capital](https://portfolio.investmentguruindia.com/uploads/news/Vikas Gupta, OmniScience.jpg)
![Quote on Post-budget by Divyesh Dalal, Managing Director & Head - Global Transaction Services, SME & Institutional Liability Business, DBS Bank India](https://portfolio.investmentguruindia.com/uploads/news/Budget_3.jpg)
![Budget Inputs on Mutual Funds, Stock Market, Infra, Tax by Mr Sanjay Sinha, Founder of Citrus Advisors](https://portfolio.investmentguruindia.com/uploads/news/Sanjay Sinha, Founder at Citrus Advisors.jpg)