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Budget 2023 gives a boost to consumption, rural economy

Higher capital expenditure and an increase in disposable income augur well for FMCG and retail stocks as well as companies related to tourism

February 01, 2023 / 08:31 PM IST
Budget 2023 gives a boost to consumption, rural economy

The underlying ‘macroeconomic framework’ as well as the ‘revenue growth assumptions’ on which this Budget is based are quite realistic.

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

The allocation for rural development has been increased by 18 percent year on year. This would create a multiplier impact, leading to a recovery in consumption and an increase in disposable income in the rural markets. Moreover, capital expenditure has been increased by a whopping 33 percent to Rs 10 lakh crore. Execution of infrastructure projects will continue to create job opportunities thereby increasing disposable income in the hands of consumers. The income limit to enjoy tax rebate been increased from...

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