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ICICI Direct Report
The spotlight of the Union Budget 2024-25 was anchored on pillars of-
Youth skilling and Job creation,
Tax simplification,
Consistent capex momentum and
Smooth and Efficient accessibility of credit to MSME.
On a broader level, fiscal deficit of 4.9% and 4.5% for FY25E and FY26E, respectively, signifies government's prerogative to carve out a sustained economic model of inclusive growth and development.
To sum up, the Union Budget reflects a realistic set of measure to drive long term growth ahead. Nonetheless, market would await long term roadmap for specific growth pockets.
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