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  • Monday, April, 2024| Today's Market | Current Time: 08:04:11
  • Interim budget reaction quote on the interim budget by Manish Kothari, President & Head, Commercial Banking, Kotak Mahindra Bank Ltd

    Published on February 3, 2024

    “A directionally positive interim budget – supporting continuity of all critical commitments made by the Govt related to – (a) Fiscal rectitude (managing, both the fiscal deficit for this year at 5.8% as well as confirming the estimates at 5.1% for the coming year and below 4.5% for the year after) and reducing the borrowings for the next year, leaving room for the private sector; (b) Continued capex growth in Infra with an increased outlay of 11.11 L crore and in Railways, Aviation, etc. – for a multiplier effect on the ground; and (c) Continued focus on supporting the four broad pillars (Poor, Women, Youth and Farmers) through various schemes – in a way lifting the bottom of the pyramid for overall progress of the nation. Sometimes not wavering and treading the beaten path is the best thing!”

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