Budget 2022: Analysts from different industries cheered budget presentation – know top 5 views here

The finance minister Nirmala Sitharaman on Tuesday presented the Union Budget 2022-23 in the Parliament, which several analysts consider it as non-populous pragmatic Budget, giving a thrust to economic growth, with an increase of capital expenditure by 35 per cent to Rs 7.5 lakh crore in FY23. 

We have collated the overall views of the analysts from different segments such as bank, private equity firm, insurance among others.  

Expert: Dr. VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services 

Overcoming the temptation to garner some votes through populist proposals, the finance minister has presented a visionary economic document to boost economic growth. The government has balanced growth with welfare programs. In brief, it’s a non-populist growth-oriented budget. 

Expert: Niraj Kumar, Chief Investment Officer, Future Generali India Life Insurance 

Overall, the Budget intent and rhetoric is positive from a growth standpoint and will surely help in creating a multiplier impact to boost the overall economic growth trajectory. 

Expert: Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited. 

The Budget has rightly focused on the broad agenda for Economic growth rather than unnecessarily tinkering with the structures, overall budget has been extremely balanced and should support Economic growth in the next year. 

Expert: Shanti Lal Jain, Mananging Director and Chief Eexectuive Officer of Indian Bank 

It's a growth-oriented Budget on the backdrop of the pandemic. It is laudable that the focus is centered on clean energy, Infrastructure, Agriculture, MSME, Education, Digital Economy, Hospitality, transportation & logistics and raising capex for overall development of the economy.  

Expert: Mohit Ralhan, Managing Partner, TIW Capital Group 

It’s a forward-thinking budget with focus on creating a blueprint for next 25 years, the government continues to push infrastructure building, Aatmanirbhar program and digital India, while providing budgetary support to mitigate the challenges of COVID pandemic. Overall, the budget has hit all the right notes to provide necessary impetus for propelling India as a leading economic powerhouse.