Union Budget 2023-2024 Reaction: Harsha Razdan, Partner and Head, Consumer Markets and Internet Business, KPMG India

1 Feb 2023 , 03:22 PM

The Budget this year has laid out a credible roadmap based on the foundations of the previous budgets. 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. Further, increasing capex investments also reassures the long-term view of the government for rural growth and development. 

Providing Digital Public Infrastructure for Agriculture, financial support and cooperation to farmers and setting up the Agri Accelerator Fund are a step forward to uplift the farmer community and promote entrepreneurship. All in all, the Budget is well-balanced to ensure long-term sustainable growth, whilst keeping in mind the aspirations of the ‘aam aadmi’.