(01 Feb 2024, 21:52)

Continuity maintained to ensure a balanced and inclusive growth

Rajesh Sharma, MD, Capri Global Capital

The Interim Budget has maintained the continuity in the Government’s approach to ensure a balanced and inclusive growth without losing sight of the momentum needed to maintain the economy's pace. In an election year, it has positively surprised by staying on path of fiscal consolidation. It has avoided fiscal profligacy and raised allocation to infrastructure. The allocation of a corpus of Rs. 1 lakh crore for promoting innovation through interest free loans to the private sector is another step towards developing the future of India through innovation and research. The broader hints on financial sector reforms, an efficient economic management and adoption of green policies point to major announcements in the full Budget in July this year.

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Continuity maintained to ensure a balanced and inclusive growth