Interim Budget Reaction: U GRO Capital

1 Feb 2024 , 04:02 PM

“Overall, this Union budget has been an excellent budget – it consists of something for everyone. Notably, the Government’s commitment to green growth and energy infrastructure is commendable. The announcement of one crore solar units by the Prime Minister marks a significant stride, alleviating financial burdens on households and addressing environmental concerns.

The overall focus on GYAN initiative, which is Garib (Poor), Yuva (Youth), Annadata (Farmer) and Nari (Woman), will benefit the most economically disadvantaged individuals. The announcement of an 11 per cent increase in capex budget sounds promising, and the best part is that the government is not leaving fiscal prudence in any way. The next year’s deficit target has been kept as 5.1 per cent, which is a pleasant surprise. Borrowing will be lesser compared to this year which is good news for the financial markets.

Extending Ayushman Bharat cover to Anganwadi and Asha workers, alongside consolidating maternal and child healthcare schemes, aims to address rural health challenges and fosters opportunities for Healthcare MSMEs who are crucial contributors to the healthcare sector’s revenue growth. To achieve the vision of a $7 trillion economy, accelerating digitalization is paramount in today’s evolving digital global fabric.”