2025-02-01 03:42:44 pm | Source: PGIM India Mutual Fund
Quote On Union Budget 2025 Reaction By Vinay Paharia, CIO, PGIM India Mutual Fund
Below the Quote On Union Budget 2025 Reaction By Vinay Paharia, CIO, PGIM India Mutual Fund
"The Union Budget 2005-26 has adhered to the path of fiscal consolidation and has clearly favoured boosting consumption over investment demand. FM has preferred consumption by transferring money in the hands of tax paying middle class. This could lead to improved consumption demand, which had seen a slowdown since last 2 quarters. On the flip side, capital expenditure has been curtailed in a relatively lower base and is now expected to grow in line with the nominal GDP."
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