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Interim Budget focuses on growth, fiscal restraint: CEO NSE

11:40 PM Feb 01, 2024 IST | GK NEWS SERVICE
interim budget focuses on growth  fiscal restraint   ceo nse
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Srinagar, Feb 1: MD & CEO, NSE Ashish Kumar Chauhan gives interim budget 10/10 which he says focuses on growth, welfarism and fiscal restraint while ensuring continuity on policies and taxation.

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He added, "The focus on capacity building through higher spending on hard as well as soft infrastructure and consequently facilitating job creation has continued."
CEO NSE further said that the capex outlay has increased by 16.9% to a record high of Rs 11.11 lakh crore, implying 3.4% of GDP—the highest in 26 years, with a strong focus on roads, transport, and railways.

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This implies a CAGR of 27% in the last five-year period. The quality of expenditure has also improved, with capital expenditure now comprising 23.3% of total expenditure—the highest in 30 years, he added.

"A social security framework is in place today for the poor and needy with coverage on power, health, housing, cooking gas and financial inclusion. Overall, this is a positive budget for the markets, with continued focus on growth, prudence and transparency," the NSE CEO said in a statement.

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