Quote on Union Budget Announcement by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Below the Quote on Union Budget Announcement by Mr. Motilal Oswal, Motilal Oswal Financial Services Ltd
Overall budget as manage a fine balance between growth and fiscal prudence. Fiscal deficit is packed at 4.4% below the long term target of 4.5% which will be positive for the economy.
Budget has focused on key areas like rural farmers low income which will boost consumption both in the near term as well as long term and help in reviving the economic growth. Overall capex spending planned at 11.2 lakh crore is inline with market expectation. Focus on MSME manufacturing will also be positive for several sectors.
Sectorial budget would be positive for consumption driven sectors like FMCG , auto footwear etc.She delivered six in the last over by reducing the income tax on the middle class.
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