Nirmala Sitharaman will provide rationalised tax rates and incentives to boost growth without sacrificing fiscal prudence in her February 1 Budget.
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Industry players are also expecting that the first full Budget of the Modi 3.0 government will come out with more measures to accelerate the infrastructure growth needed to make India a developed nation by 2047.
Sitharaman will present the Union Budget for the next fiscal in the Lok Sabha on Saturday.
«We believe that the starting point of the Budget will be the fiscal deficit, and efforts will be made to lower the ratio by 0.5 per cent to probably close to 4.3-4.4 per cent of GDP for FY26.
»Within this framework, the budget would work to maintain, if not increase capex, in the range of Rs 11 lakh crore that will provide a fillip to investment (the revised estimate for FY25 could be lower than what was projected)," said Madan Sabnavis, Chief Economist of Bank of Baroda.
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