
Tata Sons' capital largely for new businesses: N Chandrasekaran
Tata Group plans to invest $90 billion by 2027, mostly in India.
Tata Group plans to invest $90 billion by 2027, mostly in India.
In her Budget speech for FY23-24, Finance Minister Nirmala Sitharaman increased the capital investment outlay for 2023-24 by 33% to ₹10 lakh crore, which will be 3.3% of the country’s GDP.
Rejigging of personal tax rates will lead to increased disposable income in the hands of consumers, which should increase the sales of two-wheelers and entry-level cars, says CRISIL.
Capital investment outlay is being increased steeply for the third year in a row by 33% to ₹10 lakh crore, which would be 3.3% of GDP, says the FM.
Extending support to the state governments, the government has enhanced an outlay of ₹1.3 lakh crore.
The three primary assets to capitalise on this opportunity are potential for significant domestic demand, govt’s drive to encourage manufacturing and young workforce.
Capital outlay for the current fiscal is ₹7.5 lakh crore while the economy is witnessing a healthy absorption.
About 60% of respondents have expressed confidence about India growing above 6.5% in 2022-23, finds Deloitte survey.
The Centre has been able to achieve the mega spending on the back of both highways and railways ministry, utilising over 80% of their allocation for the fiscal by Nov itself.
Unless government improves its tax revenue performance, and meets its disinvestment targets, there will be a shortfall.