Auto Sector

The budget pays heed to the need for fiscal consolidation reducing its fiscal deficit target to 5.9% of GDP in 2023-24 from 6.4% in 2022-23.

The focus has been to foster inclusive development and provide a strong impetus to job creation whilst also rekindling the investment cycle by reduction in personal taxes.

Finance Minister Nirmala Sitharaman said that ‘green growth’ would be one of the priorities of the budget.

Government continues to focus on good governance by providing a transparent and accountable administration.

Government continues to focus on good governance by providing a transparent and accountable administration.

The increase of capital investment outlay by 33% to Rs 10 lakh crore is a great step.

The expansion of the Digilocker services will work towards strengthening the digital ecosystem within the fintech sector.

Establishment of 157 new nursing colleges will play a catalytic role in focusing on the importance of medical studies.

This year’s Budget announced is focused on building a robust digital infrastructure across sectors while promoting green growth and job creation.

The scarcity of electronic bits and bobs caused a slight hiccup in the assembly line of automobiles, primarily impacting our home-grown models.