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  • Tuesday, September, 2022| Today's Market | Current Time: 04:57:48
  • Anurag Sinha, Co-founder & CEO, OneScore & OneCard

    Considering we have not yet emerged out of the shadows of the pandemic; I believe the Finance Minister has done an excellent job in striking a fine balance in being fiscally prudent and growth supportive. The budget has laid out a host of top-notch measures offering a huge push for infrastructure besides incentivising manufacturing and addressing key growth driving cohorts such as MSMEs, youth and even the startup community.

    The budget has laid considerable focus on public investment and capital expenditure; however, on the other side it is quite conservative in its tax growth estimates. The budget however, contains several significant reform measures and fiscal initiatives that will boost social and economic development.

    Promoting digitization across sectors and levels is indeed a welcoming move which would not only speed up the processes but also bring much-needed transparency and uniformity to the system. Introducing digital currency is a dynamic decision taken by the government and would really help the economy in coming at par with developed economies. It would also streamline the current financial infrastructure, making it cheaper and faster to conduct monetary transactions. Further to promoting digital currency, the move of introducing 75 digital banking units in 75 districts will significantly strengthen the financial infrastructure across the country. All in all, with an outlay from India at 75 to India at 100, I believe this Budget is futuristic and focuses well on economic revival while ushering the next era of growth for India.

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