Budget has neatly identified key priority areas, says Kaku Nakhate

Kaku Nakhate, President & India Country Head, Bank of America, talks about Union Budget 2023

The Finance Minister has given yet another remarkable Budget balancing growth with fiscal prudence.

A 33 per cent year-on-year increase in the capital investment outlay, pegged at Rs 10 lakh crore, will lead to massive infrastructure creation across the nation. It was refreshing to see that while subsidies as a percentage to government expenditure have halved in the past nine years, the percentage of capex has nearly doubled during this period, underlining the government's sagacious handling of public finances.

While the Budget focused on growth through productive capital spending, India's fiscal deficit is still expected to remain at 6.4 per