Indian Union Budget has garnered different reactions from market experts. The budget has given additional sops to Bihar and Andhra Pradesh while other states have been left with very little in terms of investment and infrastructure projects.

Manish Shah, MD & CEO at Godrej Capital has presented a positive view about Union Budget 2024. Shah added, “The 2024 budget strikes a perfect balance between short-term needs and long-term goals, laying the foundation for a resilient and thriving economy. With this budget, the government has demonstrated a strong commitment to bolstering the MSME sector, recognizing its pivotal role in the country’s economic advancement. The introduction of a new credit assessment model that utilizes digital footprints of MSMEs suggests a promising step towards improving financial access and fostering sectoral growth. Additionally, the decision to raise the Mudra loan limit and expand the TReDS platform also aims to potentially ease financial burdens and enhance operational capabilities for MSMEs.

Furthermore, the budget's emphasis on urban housing through the PM Awas Yojana, coupled with substantial investments and interest subsidies, aims to simplify home ownership for many. These initiatives seem to reflect a thoughtful strategy aimed at enhancing financial inclusivity and bolstering infrastructure development, which are essential components for sustainable economic expansion.”