Union Budget 2023-24 Reactions from Gautam Hari Singhania, CMD Raymond

Mumbai, 01st February 2023 (GNI): “The Union Budget 2023 has laid down a roadmap for India’s Amrit Kaal with a futuristic and digitally-forward approach. The identified seven priorities complement each other and is a brave move that will take India to new heights leading into its centenary of Independence. This Budget will bring relief to the common man reeling under mounting inflation rates and economic turmoil with revision of personal income tax slabs and promise of more employment and social security schemes. This reflects government’s intent to enhance disposal income, enable discretionary spends and provide impetus to the industry. By encouraging more private investment in infrastructure, the government has ensured a greater thrust to the booming sector. By laying all its focus on the infra industry, the government has ensured an overall economic overhaul.

Affordable housing has been this government’s priority and, over the years, several schemes have been announced to instil confidence among the middle class to own homes. This Budget enhances the outlay for PM Awaas Yojana by 66% to over Rs 79,000 crore, another step towards making homes more affordable. With this Budget, the government aims at fulfilling the dreams of a young, aspirational India with technologically-driven learning and skilling initiatives. It lays a strong foundation towards building a developed nation, which is the dream of every Indian ” stated in the press release. ends GNI SG