Nilesh Shah, MD & CEO of Envision Capital, highlights the budget’s focus on consumption with tax cuts raising exemption limits. This measure is expected to boost the middle class and lower the fiscal deficit, indirectly enhancing capital expenditure by reducing the cost of capital and fostering investment.
Govt to focus on reducing debt-GDP ratio to about 50% by FY31
The government is set to reduce the debt-GDP ratio to 50 per cent by March 2031 from the current 57.1 per cent, with Finance Minister