“The budget reiterates the government’s vision for long term economic growth through increased capital expenditure and enhanced consumption. Growth in capital expenditure while maintaining fiscal consolidation will have a cascading impact on the economy in terms of strong corporate earnings, growth stimulus to all core sectors and employment generation. The focus on infrastructure development will eventually increase private investments into roads, power, urban infrastructure, etc. In addition, the budget has proposed effective measures to boost the entrepreneurship and start-up ecosystem which is currently growing though a subdued fund-raising phase”.
