Santosh Meena, Head of Research, Swastika Investmart, shares his views
On February 1st, 2023, the Union Budget was presented by the Finance Minister in the parliament. The budget aimed to tackle several critical issues such as boosting economic growth, creating job opportunities, and improving the standard of living for citizens. Mr. Santosh Meena, Research Head at Swastika Investmart Ltd, provided his insights on the budget and its potential impact on the stock market.
According to Mr. Meena, the budget is pragmatic and forward-looking, with several measures that can lead to sustained economic growth. The focus on infrastructure development, digital transformation, and healthcare is likely to provide significant impetus to the economy.
Mr. Meena also highlighted the government's focus on reducing the tax burden on individuals and corporates. This, in turn, will help to create jobs and promote entrepreneurship.the Union Budget 2023 has been a step towards building a self-reliant India. It aims to create an enabling environment for businesses to thrive, create jobs and boost economic growth. The budget's measures, along with a supportive monetary policy, are likely to boost investor sentiment and drive the stock market's performance in the coming years.
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