It can be touted as a stable budget as the government stayed away from announcing any major transformational policies or populist measures and maintained the status quo with taxes and duties
Rahul Chadha says: "In broad consumption space, things are looking soft. In the last three-six months, we have seen all the tightness happening on the unsecured lending also. So, we will see some pressure. But within a long structural cycle, there will be mini cycles which will give good entry points for long-term investors. We want the dips and some bit of a softness so that valuations correct and you can deploy long-term money."
Individual tax payers had many expectations from the budget, such as relief in increase in standard deduction, incentives in purchasing electric vehicles, enhanced deductions for health insurance premium, HRA higher deduction for other tier 1 cities, increase in deduction for NPS employer contribution, etc. Some announcements on such deductions/ exemptions and improvements in administrative processes would have offered respite to taxpayers.
The big operators in the real-estate sector of the country on Thursday welcomed the proposals of the Interim Budget 2024 presented by Finance Minister Nirmala Sitharaman, saying the focus on housing requirements of the middle class will actually boost the sector.