Experts say that the decision to raise the FDI limit in the insurance sector from 74% to 100% will benefit the industry by attracting global players. The Union Budget 2025 has been perceived as a budget that balances consumption, investment, and social welfare while maintaining fiscal prudence.
Raj Gaikar of SAMCO Securities believes that the budget will have a positive impact on the economy, stating that it will be a “wake-up call for the economy and will help create a strong investment environment.” Similarly, Ashishkumar Chauhan, MD & CEO of NSE India, calls it a strong budget that will play an important role in achieving the objective of Viksit Bharat by 2047.
Sandeep Nayak, ED & CEO of Retail Broking Centrum Broking Ltd, sees it as a budget that will stimulate consumer demand to accelerate growth and mitigate the impact of the recent slowdown. He believes that reviving urban consumption will have a positive multiplier effect on the economy.
Shripal Shah, MD & CEO of Kotak Securities, echoes this sentiment, stating that the budget is clearly focused on stimulating consumer demand to accelerate growth while ensuring fiscal stability. He highlights the government’s decision to keep capital gains tax and Securities Transaction Tax (STT) unchanged as a sign of stability.
Upasna Bhardwaj, Chief Economist at Kotak Mahindra Bank, believes that the budget has struck the right chord by balancing fiscal prudence with supporting the slowdown in private demand. She emphasizes the re-emphasis on fiscal consolidation roadmap as a comforting move for the markets.
Overall, the experts suggest that the Union Budget 2025 is a well-balanced budget that should have a positive impact on the economy, leading to increased growth and stability.