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Budget Analysis_Jaspreet Singh Arora, Chief Investment Officer (CIO), Research & Ranking

Budget Analysis_Jaspreet Singh Arora, Chief Investment Officer (CIO), Research & Ranking

"The first budget of Amrit Kaal carried the baton of complementing macro-growth with micro-all-inclusive welfare backed by the digital economy and tech-enabled development. Overall, the budget played a fine balancing act: while the overall fiscal stance is pro-cyclical in FY24, a sharp capex spike will be a booster especially when private sector demand may be slowing in the coming year amidst tapering exports and the rising cost of capital. India's growth of 7% in FY23 is the highest among all major economies despite a slowdown due to Covid19 and war."

 

For an in-depth view of the announcements made on various sectors and the impact they will have; have attached a Research Report prepared by us.

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