As India aims to become $30 trillion economy by 2047, the country must embark upon a phase of rapid development in the next two decades. To this end, the Union Budget by exempting income upto Rs 12 lakh, will boost consumption and enhance savings. It will also increase investment across all asset classes, including AIFs and real estate, by having a multiplier effect on the economy by boosting incomes and encouraging further investment. The induced savings will also help government create a larger fund for investment and other capital expenditure.
– Mr. Ankur Jalan, CEO, Golden Growth Fund (GGF)
