co-presented by
ASSOCIATE SPONSORS
co-presented by
ASSOCIATE SPONSORS
A good balancing act that gives impetus to growth drivers while sticking to the fiscal consolidation path
The underlying macroeconomic framework as well as the revenue growth assumptions on which this Budget is based are quite realistic
Rapid progress in providing tap water connections has prompted government to allocate more resources to the Jal Jeevan Mission but keeping the taps functional, ensuring water quality and prodding laggard states to catch up are big challenges
While the government is consolidating the fiscal deficit, the pace of consolidation seems very nuanced especially when FY 2023 nominal growth is estimated to be higher than 16 percent
In a climate of slowing growth and myriad other global challenges, what this budget does is focus resolutely on lifting the capex cycle and greening it
There are, however, headwinds that need factoring in. These include: a rebound in the Chinese economy, persistently shaky global financial conditions, uncertainties and shifting geo-political developments, disorder in global trade, and knock-on effects on inflation due to rising crude oil prices
The emphasis on new income tax regime seems to have spoiled the market mood
With the National Gati Shakti Master Plan up and running and huge money coming in, especially for highways and railways, the Budget has laid heavy emphasis on infrastructure building
The big bang spend in public sector capex implies a large fiscal multiplier effect on construction and civil works and on employment
A well-thought-out and visionary budget with lots of focus on efficiently managing growing urbanisation and reforms to make India an economic powerhouse
Since 2018, GIFT City has featured prominently in every budget speech and received lavish investments. Broad trends suggest the government’s bets are beginning to pay off
The Budget has delivered what the markets and businesses wanted
Budget did not specify major incentives to scale-up battery manufacturing capacities or rapid adoption of EVs
Budget 2023 fails to show the money for key policy imperatives like edible oil production and nudging farm sector and agri technologies towards a more-from-less approach
Grappling with a funding winter, startups worry that the angel tax on foreign investors will aggravate their problems
A push towards the new income tax regime and the sell-off in Adani Group take the sheen off a dream budget
Investment limit under SCSS and monthly income scheme in post offices has been doubled
This year’s budget offers little to create an investor-friendly start-up ecosystem
The increase in capex spending, focus on making sure that every Indian gets the necessities of life and focus on reducing the fiscal deficit to 5.9 percent will make sure India grows faster
While rural consumers got no direct boost, by making the new tax regime more attractive the resulting savings could boost consumption
The bigger surprise is how the other uber-rich came to the last-minute defense of their compatriot in the crosshairs of an American short seller.
With the entire credibility of central banking on the line, the focus needs to be on fighting inflation
US Fed zeroed in on a ridiculously specific metric to justify its rate increases. Even that is showing signs of improvement
Most market participants appear to be praying that the finance minister skips the investment and capital markets from her Budget provisions altogether. No change in capital gains taxation is all they would wish for
The Survey has aptly articulated the headwinds to India’s exports; the real task is to take the appropriate measures to give a leg-up to outbound shipments
