Quote on Union Budget 2025-26 by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
Below the Quote on Union Budget 2025-26 by Mr. Arsh Mogre, Economist Institutional Equities, PL Capital - Prabhudas Lilladher
“The Union Budget 2025–26 is crafted as a bold statement of fiscal consolidation and long-term structural reform. Budget is aiming to boost growth while ensuring that the benefits of increased public spending and tax rationalisation percolate across the economy. The government retained the path of fiscal consolidation with reduction in fiscal deficit from 4.8% of GDP in FY25 (RE) to 4.4% in FY26 (BE), returning fiscal deficit to pre-pandemic levels. The momentum in capital expenditure is maintained at Rs.11.21 lakh crore (up 10% from FY25RE). GOI has taken a major reduction in personal income taxes and likely introduction of new direct tax code will improve the disposable income in hands of middle class which will boost consumption in the economy. Overall, the budget’s macro narrative is one of calibrated optimism. It seeks to drive sustainable growth through a balanced mix of fiscal prudence, tax simplification, and structural reforms, while simultaneously investing in the critical areas of infrastructure, human capital, and digital transformation.”
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