Budget 2023 a balancing act with focus on prosperity and inclusiveness

Budget 2023: Raising of tax slabs along with reduction in peak surcharge shall result in around Rs 35,000 crore being saved by tax payers and hopefully being spent to boost consumption

The first budget of the Amrit Kaal (Budget 2023) is prudent against a tough macro backdrop of a high current account deficit (CAD) of over 3 per cent, global monetary policy tightening and recessionary fears.

Though, finance minister Nirmala Sitharaman (FM) has kept a sharp focus to maximise the impact of every rupee spent to generate a multiplier impact in the economy.

A 10 lakh crore outlay from the central government for capital investments lays the foundation for a strong multi year growth for the country during its Amrit Kaal. Together with an extension of 50 year interest free loans