Reaction on Budget by Mr. Marzban Irani, CIO-Fixed Income at LIC Mutual Fund Asset Management Ltd
Below Reaction on Budget by Mr. Marzban Irani, CIO-Fixed Income at LIC Mutual Fund Asset Management Ltd
"The focus on long-term development is evident, and the announcement of five new universities is a welcome step, especially at a time when education inflation continues to rise. From a borrowing standpoint, the gross market borrowing number crossing Rs.17 trillion is on the higher side; however, the approach appears balanced with conservative assumptions for small-savings mobilization. Overall, the Budget maintains stability while acknowledging emerging fiscal pressures."
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