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Union Budget 2023-24 promises a bright future for India

The country clearly has a growth agenda and this Budget is designed to boost private sector investment and promises to propel India's growth further

Illustration: Ajay Mohanty
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Illustration: Ajay Mohanty

Dilip Shanghvi
The Budget this year promises a bright fut­­­­ure for India. The govern­m­ent has to be comme­n­ded for the increas­ed tax collections, cont­­­ai­­­­n­ment of fiscal deficit despite an increa­sed capex progra­m­­­­me and still betting on 7 per cent plus GDP grow­th despite global tailwinds.
 
It is evident that India’s Finance Minister has stuck to a broad growth strategy that was unveiled a couple of years ago. She has clearly aimed the Budget to incentivise the private sector in the economy to invest in the productive capacity, thereby creating jobs and pushing growth. At the same time, the government has been