By – Mr. Ondrej Kubik, CEO, Home Credit India
“The Union Budget is progressive with an expansionary approach, touching upon all sectors both traditional and sunrise, giving a pragmatic push to financial inclusion, made-in India, digital and green economy to strengthen the economic growth stimulus achieved in pandemic years. The finance minister has hit the bullseye by laying the foundation for growth-oriented investment with the announcement of a 35% rise in the government’s capital expenditure for FY 23, which will surely have a multiplier effect on the economy. Complementing the rising allocation towards infrastructure boost, supporting MSME fund scheme extension and increased PLIs for building domestic industries, the budget lays much-needed emphasis on sunrise sectors. Support for digital economy expansion, financial inclusion, skilling & upskilling through digital learning and fillip to be a driver of clean energy & mobility, shows the government’s affirmative action and foresighted outlook to keep the economic growth engines on accelerated path.”
