Budget Covers Most Sectors, Infra, Energy Get Priority

Pankaj Kapoor, the Founder and Managing Director of real estate research company Liases Foras, presents his views on Budget 2023-24 and explains how it will give a fillip to the realty sector

The Budget 2023-24 has covered the maximum possible sectors while trying to keep the fiscal deficit in check. Few would complain, and most of the industry and consumers appeared to have welcomed the budget. The positivity in the stock markets also reflects this general sentiment.

The budget is highlighted by enhanced capital expenditure, tax benefits in the new tax regime, and the highest-ever outlay on railways. Micro, Small and Medium Enterprises (MSMEs) would rejoice at additional investment in the Credit Guarantee Scheme.

Most sectors were considered, including agriculture, auto, tourism, and healthcare, while prioritizing infrastructure, energy, innovation, and employment. Tax slab enhancement and reduction in the highest rate of surcharge would bring cheer to both lower and higher-end earners. Overall, the bill has tried to keep something in it for everyone with minimal exeptions.