FICCI State council welcomes Budget

Published - February 01, 2023 07:04 pm IST - KOCHI

The FICCI Kerala State Council has termed the Union Budget ‘progressive’ while stating that it will aid inclusive growth.

A push for investment and consumption was required to keep the growth cycle in motion. Capital expenditure with a 33% increase in capital outlay to ₹10 lakh crore represents 3.3% of the GDP. This is a step in the right direction amidst the global economic situation. The revision in tax rates under the new regime will augur well on the consumption side, said a release quoting M.I. Sahadulla, Chairman of the FICCI State Council.

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