
Return of Industrial Stocks
All leading indicators like new projects, credit growth, capacity utilisation and order inflows to Industrial companies are reflecting buoyancy in the Industrial sector
All leading indicators like new projects, credit growth, capacity utilisation and order inflows to Industrial companies are reflecting buoyancy in the Industrial sector
Government meets fiscal deficit target but falling GDP growth puts a question mark over finances.
The steep budget allocation for FY24 capex is intended to keep the GDP growth ticking. But has capex succeeded in creating the multiplier effect in the economy?
In spite of Lok Sabha elections next year, government steers clear of short-term populist measures and focuses on strengthening the economy.
The Central government stuck to the fiscal consolidation roadmap while announcing one of the biggest hikes in capital expenditure and increase in social spending in Budget 2023.
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.
SBI Chairman Dinesh Khara says all other fiscal parameters show encouraging trends, ensuring fiscal policy has enough headroom to accommodate any future shock if warranted.
The expenditure on government schemes are expected to increase by 4.3% to ₹19.4 lakh crore in next fiscal FY24.
Capital expenditure in FY23 is up by 80% as compared to the previous fiscal.
The total Capex outlay in the Union Budget 2023-24 has been enhanced by 33% from ₹7.5 lakh crore to ₹10 lakh crore, which takes it to an all-time high of 3% of GDP.