Indian brokerage firms are eagerly awaiting the upcoming Modi 3.0 budget, with high hopes for income tax rate cuts and special incentives for Public Sector Undertakings (PSUs). The anticipation is palpable as Finance Minister Nirmala Sitharaman prepares to unveil the budget in the coming days.
Several brokerage firms have expressed their expectations for the budget, signaling a positive sentiment towards the government’s economic policies. The proposed income tax rate cuts are seen as a crucial step to boost consumer spending and stimulate economic growth. Additionally, the sops for PSUs are expected to encourage investment and promote the development of key industries.
One of the key recommendations put forward by the Federation of Indian Chambers of Commerce and Industry (FICCI) is to hike capital expenditure by 25% and streamline the GST slabs to a maximum of 3 in the Union Budget. These measures are aimed at enhancing infrastructure development and simplifying the tax structure to facilitate compliance.
As the budget announcement draws near, market analysts and investors are closely monitoring the government’s fiscal policies and reforms. The budget is expected to provide crucial insights into the government’s priorities and strategies for driving economic growth and addressing key sectoral challenges.
Overall, the expectations from Modi 3.0 budget are high, with Indian brokerage firms looking forward to positive policy measures that can fuel economic recovery and sustainable development in the country.
