Budget 2018 pushes growth momentum, says ICRA MD Naresh Takkar

The Union Budget for FY19 has made a host of new announcements and increased the allocation for numerous existing schemes, intended to boost the ease of living as well as the ease of doing business. 

The Government of India spelt out its clear commitment towards augmenting infrastructure, farmer incomes and the social security net, all of  which would aid in improving livelihoods and the quality of life. 

In particular, the total capital outlay, including gross budgetary support and the internal extra-budgetary resources of various ministries, is estimated to grow by a healthy 20.5 per cent in the current financial year or FY18