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Below the Quote on Pre-budget expectations by Shlok Srivastav, Co-founder & COO, Appreciate, a SEBI and IFSCA registered fintech company

"The idea of ‘Viksit Bharat’ necessitates greater financial inclusion across all economic segments — and such deep financial access and education require robust digitalisation. The interim budget boded well on both these fronts, with greater projected spending (by 1.3%) in the finance sector as well as in the IT and telecom sector (by 0.3%). So cautious optimism is warranted for participants in these sectors.

As for the tax breaks several parties are keen to see: over the last four years, government capex has grown at a CAGR of around 29%, while revenue expenditure has only grown at a CAGR of around 10%. If this much-needed capex growth is to be sustained without further slowing down revenue spending, then raising tax and non-tax revenues is likely to be a priority. So, this is going to be a delicate balancing act."

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