The 'Goldilocks' budget for growth

The ‘Goldilocks’ budget for growth

This Article First Appeared In Forbesindia On Feb 1, 2023

It is not uncommon for corporates to sugar coat their angst over disappointing Budget announcements. When corporates hail the finance minister for delivering a ‘super’ Budget, one takes it with a pinch of salt, as the tone isn’t hard to miss. But Budget 2023 is different. The mood is clearly upbeat.

Nilesh Shah, managing director, Kotak Mahindra AMC, says the Budget numbers are realistic, conservative and credible. “This Budget is a Baahubali budget. With one arrow, multiple targets are shot. Fiscal prudence is achieved with lower deficit and the path is set till FY26. Consumption is supported through tax cuts and the investment outlay has been enhanced,” he adds.

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