Budget delivers a big boost for consumption-related stocks: Analysts

The Budget has put more money in the hands of the people through relief from Income Tax, which is a very positive step, analysts said

The Budget 2023 proposals unveiled by the finance minister on Wednesday will go a long way in boosting consumption, said analysts, who suggest investors buy the related stocks from a medium-to-long term perspective.

The capital expenditure (capex) outlay for 2023-24 is proposed to be hiked by 33 per cent to Rs 10 trillion, Finance Minister Nirmala Sithraman said. The outlay for the PM Awas Yojana, too, will be hiked by 66 per cent to Rs 79,000 crore.

That apart, the proposals have recast the income-tax slabs (in the new regime) with the rebate limit being raised to Rs 7-lakh from