Reaction Quote on announcement of Interim Budget 2024

Manish Kothari - President and Head Commercial Banking, Kotak Mahindra Bank

"A directionally positive interim budget - supporting continuity of all critical commitments made by the Govt related to - (a) Fiscal rectitude (managing, both the fiscal deficit for this year at 5.8% as well as confirming the estimates at 5.1% for the coming year and below 4.5% for the year after) and reducing the borrowings for the next year, leaving room for the private sector; (b) Continued capex growth in Infra with an increased outlay of 11.11 L crore and in Railways, Aviation, etc. - for a multiplier effect on the ground; and (c) Continued focus on supporting the four broad pillars (Poor, Women, Youth and Farmers) through various schemes - in a way lifting the bottom of the pyramid for overall progress of the nation!

Sometimes not wavering and treading the beaten path is the best thing!"