Union Budget Quote by Srikanth Subramanian, CEO, Kotak Cherry

By Srikanth Subramanian, CEO, Kotak Cherry

“The Union Budget was pragmatic, considering that the government has a tight rope between managing fiscal deficit and giving some relief to residents from high inflation. Higher capex spend, road-map to reduce fiscal deficit and boosting consumption will provide a major leg-up to the economy, especially at a time when the global growth has been hit hard by slowdown and recessionary fears. Finally, the overhauling of the income tax structure should add more money into the hands of the middle-class taxpayers that would give a boost to consumption and increased allocation towards several investment options. Overall it would leave more people with extra money in their hands and a smile on their faces.

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