iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

Union Budget 2023-2024 Reaction: Mr. Balachander Sekhar, Co-Founder of RenewBuy

1 Feb 2023 , 03:16 PM

The government rightly said that our digital infrastructure is unmatched. And, this digital power needs to be harnessed more so that job creation, which is one of the primary focuses of the Government, is fulfilled. The increase of capital investment outlay by 33% to Rs 10 lakh crore is a great step; this is the third year in a row that the Government has increased the capital investment outlay. Increasing the capex outlay is in line with the government’s vision of creating ample job opportunities for the youth, providing strong impetus to growth, fiscal consolidation and strengthening of macroeconomic stability.

With tax rebate for people with income up to 7 lakhs, the middle class will now have more liquidity and they will look for investment tools. This is a great step, as personal finance will see a boost from this move. There will be increased investments in multiple personal finance segments, which also includes the insurance sector. The economy is thus expected to see more liquidity, which in turn will help in boosting the GDP.

Related Tags

  • Insurance
  • RenewBuy
  • Union Budget
  • Union Budget 2023-2024
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.