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Thrust is on sustaining economic growth through infra spending Motilal Oswal× It is a great relief that there is neither a Covid tax nor surcharges on income tax Finance Minister Nirmala Sitharaman presented the third Budget of NDA 2.0 against the backdrop of pandemic-hit economy. There were hopes of Budget bringing in measures that would drive the economy – which the government clearly succeeded in doing. Key positives The government seemed fully prepared to back and facilitate a reset of the economy. Budget proposals seems positive as the thrust is clearly on sustaining the economic growth through spending across the infra ecosystem. This is a big takeaway for the economy and equity markets as it can broad-base the growth momentum in the economy and revive the capex cycle.

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