“India budget
2023 has offered a multi-dimensional view. The 3 Cs which stand out is – Capex increase – consumption boost – capital
gains tax status quo. Mindful of the fact that there is hardly any space for
fiscal expansion. FY 24 FD is pegged at 5.9% and expected to see a progressive
reduction by FY 2026. Clearly, a bull’s-eye budget satisfying most strata of the
society and of course a thumbs up from the market as well.”- Lakshmi Iyer, CEO-Investment Advisory, Kotak Investment
Advisors Ltd.
