Finance Minister Nirmala Sitharaman began the presentation of Union budget 2023 in the Lok Sabha by informing that Indian economy is expected to grow at 7% this fiscal.
"While ITC trades at reasonable valuations (26x FY25e EPS), we expect the stock to remain range-bound, given near-term volume moderation (c.2% decline in 3Q), tax uncertainty until the final Budget and overhang from potential BAT stake sale," Maheshwari said.
The 2023 budget set out to achieve two main goals: Incentivising the private sector to create fresh jobs and push growth. And second, increasing the capital expenditure as well as disinvesting the government's stake in the PSUs.
According to the fifth National Family Health Survey (NFHS-5) for 2019–21, about 38.0 percent of men (28.8 percent in urban and 42.7 percent in rural India) and 8.9 percent of women (5.4 percent in.