From consumption to capex to spending to middle class to industry, the FM has checked every box with an aim to spur growth. The income tax benefits announced will boost purchasing power of middle-class consumers.
The good news for the equity mutual fund investors is that the long-term growth story remains intact and in fact gets a boost. Investors may remain invested and make use of any dip or correction in stock market to add funds into their portfolio for creating wealth over the long term.
The various Budget proposals turned out to be vehemently pro-growth with the potential to encourage further economic recovery and benefit investors who follow India’s economic success. The record-breaking allocation for capital expenditures with a focus on enhancing infrastructure could turn out to be the key to success across the various sectors of the economy such as infrastructure, logistics and the transportation business.
This story is from the February 2023 edition of Investors India.
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This story is from the February 2023 edition of Investors India.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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