Budget 2023: Balanced and prudent budget with no negative surprises
1 year, 10 months ago

Budget 2023: Balanced and prudent budget with no negative surprises

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Overall, there are multiple positives across segments to be taken away from the Budget and it goes a long way to improve India’s macro-economic picture from a growth and fiscal discipline perspective The Union Budget 2023 announced by Finance Minister Nirmala Sitharaman is a balanced budget with no negative surprises, prudently maintaining a fiscal deficit target at 5.9 percent while delivering a Rs 10 lakh crores capex and rationalising personal income tax. It should help further improve India’s prospects of continuing to be outshining with strong GDP growth numbers with 10.5 percent FY24 nominal GDP estimates set out. A strong message on fiscal deficit Along with this, a fiscal deficit target of 5.9 percent for FY24 while retaining 6.4 percent for FY23 is a strong message from a fiscal perspective. Overall, there are multiple positives across segments to be taken away from the Budget and it goes a long way to improve India’s macro-economic picture from a growth and fiscal discipline perspective.

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