The Government’s focus has shifted from PLI (production linked incentive) to ELI (Employment Linked Incentives).
The budget is well-balanced and disciplined for the Indian economy and should continue to foster growth with more inclusivity… well, until the next budget!
The government eschewed populism, once again and instead continued on the path of fiscal consolidation and capex push, says Gautam Duggad.
Path of fiscal prudence and inclusive development will pave the road to ‘Viksit Bharat’. For the insurance sector, rationalisation of TDS from 5 percent to 2 percent on payment of insurance commission and bonus or maturity proceeds is a positive move, says Parimal Heda, CIO, Go Digit General Insurance
Prashant Jain views the Budget as positive for fiscal consolidation and job creation but remains cautious on manufacturing, industrial, and defence stocks