Informist, Tuesday, Feb 1, 2022
MUMBAI – Dhiraj Relli, managing director and chief executive officer, HDFC Securities, on the Union Budget for 2022-23 (Apr-Mar), presented in Lok Sabha by Finance Minister Nirmala Sitharaman today:
The Budget is growth-inducing and does the heavy lifting by sharply increasing capital expenditure. The focus on boosting manufacturing as well as an underlined emphasis on areas such as startups, modern mobility and clean energy show the finance minister has prioritised long-term growth.
Individual taxpayers may feel a bit disappointed with the lack of direct tax cuts, but this budget lays the ground for a multi-year growth boom.
The fiscal deficit for 2022-23 (Apr-Mar) has come in higher than expectations. It will be crucial that interest rates and inflation do not remain high for long. End
Compiled by Vivek Kumar
Filed by Pranav S. Joshi
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