Budget Expectations: Mr Deepak Gagrani, Founder of Madhuban Finvest

26 Jan 2024 , 02:05 AM

1. Interim Budget Caution: Given that it is an interim budget, we anticipate a tempered approach with fewer large-scale announcements. Major policy shifts may be reserved for the full-fledged budget.

2. Tax Regime Emphasis: We foresee the government’s persistence in steering taxpayers towards the new tax regime, possibly through the introduction of additional slabs and incentives. We don’t hold high hopes for substantial improvements in personal taxation under the old regime.

3. Sectoral Focus on Tourism and Renewable Energy: We expect a sustained emphasis on domestic tourism and renewable energy. Both sectors are likely to feature prominently, showcasing the government’s commitment to sustainable practices and boosting the domestic economy.

4. Infrastructure Development: We expect continued attention on infrastructure development, with potential allocations for projects aimed at enhancing connectivity, transportation, and overall economic growth.