With Finance Minister Nirmala Sitharaman getting ready to present the last full budget of the Modi 2.0 government, expectations are high that she will meet the demands of all stakeholders, including the common man who is reeling under the price rise.The finance minister has held several rounds of discussions with various stakeholders, and final touches are being given to the Union Budget for 2023-24 which will be unveiled in the Lok Sabha on February 1.
"As all these objectives would run in different directions, the FM will exercise considerable dexterity to move ahead decisively on all counts," said Madan Sabnavis, Chief Economist, Bank of Baroda.
Ravi Annavarapu, President, FMC India said 2022 was a challenging year for agriculture and food industry globally with factors such as climate change, supply chain, inflation and geopolitical issues disrupting every economy and triggering a possible global slowdown, apart from the food crisis.
This year's budget outlay must be directed towards not only cushioning but also adding resilience to Indian agriculture, he said. Arun Agarwal, Vice President, Kotak Securities said that given the government's focus towards clean energy, some measures can be expected to facilitate further electric vehicle (EV) adoption and to support the development of EV ecosystem in the country.
