As Union Budget 2023-24, the last full-year budget for the
current government, will be closely watched by India Inc. as it
sets the tone for the economic policies of the government.
India Inc. will look forward to this budget as a balance between
growth and being financially cautious. The government is expected
to focus on promoting growth rather than recovery following three
years of dealing with the pandemic.
Chief Financial Officers (CFOs), who are responsible for the
financial health of companies, have a keen interest in the budget
as it lays out the government's plans for the economy and its
impact on their businesses. In the current global economic
scenario, CFOs have high expectations for the budget to address the
major challenges faced by India Inc. and to provide reforms and
reliefs that can boost growth. Finance Minister Nirmala Sitharaman
is expected to keep the economy growing while also controlling the
fiscal deficit and inflation.
