Today's Budget is a step in the right direction for a more progressive and developed India@100: Aditya Birla Finance

1 Feb 2022 , 11:31 PM

Overall, the Budget announced today is a step in the right direction for a more progressive and developed India@100. A strong push towards capital expenditure will likely result in multiplier growth across various industries such as infrastructure, cement, steel, commercial vehicles, and manufacturing which is also a positive indication for the NBFC sector. Pandemic had adversely impacted the MSMEs; therefore, steps like the extension of ECLGS and enhancing entrepreneurship will be constructive in bolstering the MSME sector.

The allotment of Rs. 48,000 cr for completion of 80 lakh houses this year under the PM Awas Yojna will further boost the Affordable Housing segment. Also, digital adoption would enhance the digital lending across hinterlands of the country.

The author of this article is Mr. Rakesh Singh – MD & CEO, Aditya Birla Finance Ltd

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