economic progress: Stay invested! India growth story intact, but rational yet conservative approach must
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The budget continues to build on the recent economic progress, and despite substantial provisions for necessary investments, the fiscal deficit is decreasing. It notably prioritises nine areas, which include agriculture, employment, human development, energy security, manufacturing, innovation, infrastructure, and next-generation reforms. Significant allocations and initiatives are aimed at transforming India’s education and employment landscape. Efforts have also focused on increasing and simplifying taxation in areas where the market can absorb the changes, thereby reducing tax complexities. Tax increases in areas like long-term capital gains tax have been implemented in segments where the market can handle them. Government steps to aid asset allocation, such as the removal of indexation in real estate, are welcome as they are expected to increase transaction volumes. Overall, the budget supports continued growth, meeting our requiremen...