Sticking to the medium-term target is needed to keep the public debt ratio sustainable, says Shilan Shah, Senior India Economist at Capital Economics, says
IRF in a statement also welcomed the thrust of the Budget on seven growth engines of PM GatiShakti, including roads, railways, airports, ports, mass transport, waterways and logistics.
Federation of Indian Export Organisations (FIEO) President A Sakthivel said that many of the changes in the customs duties will help to provide competitiveness to manufacturing and exports, besides attempting imports substitution.
Agritech, green economy and AI focus of budget reflect government’s positive approach to new technologies. But startup investors who shoulder much of the risks have been ignored
Everyone should participate in the Indian growth story by becoming a shareholder, rather than a lender, to generate long-term wealth, for which disciplined asset allocation is the key.
The budget speech focused on key announcements for hard-working middle-class income-earners, women, and the youth. Overall, it was a good budget
Overall, budget 2023 was mostly disappointing for startup founders, employees and investors. The few initiatives that were announced were bereft of crucial details and budget allocations
Focus on the green and MSME sectors, building skills and tax rationalisation are key aspects of Budget 2023.
'Budget will give a push to building an ecosystem for semi conductors. We have a lot of interest from fabrication units to set shop in India - India’s aim is to build an ecosystem for AI just like what we have done for UPI', says MoS IT Rajeev Chandrasekhar to Moneycontrol on Budget 2023 - watch!
Overall, a budget coming ahead of a General Election year had been expected to deliver and to a large extent it has.
Budget 2023 showcased Modi government's intent of pushing economic growth while staying committed to the fiscal consolidation path. The changes to new income tax regime could provide some consumption push.
Budget 2023: The budget sets the path for long-term sustainable growth of the Indian economy with a pragmatic and prudent approach.
The huge increase in capital expenditure, the extension of the free grain scheme for all Antyodaya and priority households for another year and an increase in allocation for housing under the PMAY scheme will go a long way
New growth areas like green hydrogen, clean energy, electric vehicles and artificial intelligence were heavily promoted. Encouraging startup investors is equally important
Budget 2023: Currently, India is the fifth largest economy 'so it's another five years. We are already in (the year) 2023. So 2027-28, India should be the third-largest economy,' Panagariya, Columbia University Professor and former Vice Chairman of NITI Aayog, told PTI in an interview here.
The Budget 2023 proposes to reduce surcharge rate for an income above Rs 5 crore from 37 percent to 25 percent under the new tax regime
But the elevated borrowing level may exert upward pressure on sovereign yields, against a backdrop of rising demand for bank credit
The government should ensure that the growth in revenue expenditure remains restrained
Announcing the Union Budget for 2023-24, Finance Minister Nirmala Sitharaman beat expectations when she allocated a massive Rs 10 lakh crore for capital expenditure.
Primary healthcare hasn’t received the attention it needed but digital push, more nursing colleges, focus on tribal areas, and green signal for collaborative research makes it a budget with a difference
The fine print reveals the tax implications of some of the budget proposals
Indian Railways’ finances are in extremely precarious condition. Just the top five inflexible and fast-growing expenses are proving to be the giant killers
Highly promising sectoral funds, specifically infrastructure or banking and financial services, and the ones dedicated to themes like transport and logistics and manufacturing can be considered.
The proposals for encouraging growth and demand even as fiscal discipline is being maintained are strong pull factors for global capital
The Indian government believes that the growth of the economy, through a trickle-down process, will lead to lower unemployment