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Below the Quote on Union Budget 2025 by Shantanu Bhargava, Managing Director, Head of Listed Investment, Waterfield Advisors

"The budget has increasingly turned into an exercise in accounting and finance. It is becoming increasingly irrelevant as a signal of ground breaking economic reforms. Investment management professionals and clients equally are advised to stop anticipating episodic interventions from the budget, as India's more critical economic reforms sit within other ministries, such as company affairs and labour.  Therefore, the budget presents no major unexpected elements. On the plus side, the government is sticking to its fiscal path, which is great for macroeconomic stability and our sovereign rating, and it is also continuing to prioritize public capital expenditure, which is positive for economic growth."
 

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