Industry leaders have praised the recently delivered 2023 Budget in India. During the Business Today Budget Roundtable 2023, Navneet Munot, MD and CEO of HDFC Mutual Fund, described the budget as “credible, continuity, and conviction.” According to Munot, the budget demonstrates continuity in terms of tax-to-GDP enhancement for simplification, and the conviction that India has a significant opportunity to become a large economy in the next 25 years. He emphasized that this expansion would not only focus on per capita GDP increase, but also on the creation of a sustainable and inclusive society, becoming a prime example of such a society. The overall opinion of industry leaders at the roundtable was positive, indicating that the budget has generated optimism for the Indian economy.
