Mumbai, 01st Februsry 2023 (GNI): A 40% increase in the income tax rebate limit from 5 lakhs to 7 Lakhs is a huge comfort that this budget has given to our middle-income group and is a great step to strengthen their finances.
More money in the pockets, more spending!
The scheme to support central & state govt and municipalities in replacing their old polluting vehicles is another master stroke. This will give a boost to the manufacturing sector which is largely driven by the auto industry & will bring more efficient machines onto the road.
This govt has been giving a huge push to the infrastructure upgradation of our nation & an increase in spending on road & rail infrastructure is a testament to their philosophy. This will help maintain the momentum of our economic growth, contrary to the world scenario.
Overall I believe it’s a great budget and will complement India’s growth story.
We are the only bright spot in the world economy and this budget ensures that we continue to shine in the time to come!
Congratulations to Nirmala Sitharaman ji and her team that worked on Budget 2023, stated in the press release.ends GNI SG
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