“Overall, the Indian Budget 2023 presents a well-rounded plan for the country’s development. With a focus on infrastructure development, job creation, and financial inclusion, the government aims to fuel the nation’s progress and uplift the standard of living for all citizens. A revamped credit guarantee scheme for MSMEs with an outlay of Rs 9,000 crore will empower MSMEs with more resources. The new income tax regime will relieve the Indian middle class to an extent. While there are still some challenges, such as managing the fiscal deficit and reducing public debt, the budget sets the country on a path toward a stronger and more prosperous future.”
