Mumbai, Jul 24: The FM has secured a few critical aspects for the future readiness of the country in terms of strengthening the start-ups eco-system, focus on new age technology, space tech and encouraging clean tech.

Tarun Chugh, MD & CEO, Bajaj Allianz Life says, “There was a significant focus on sectors like agriculture, infrastructure at large as well as developing skills and generating employment, which will have a positive compounding effect on the economy going forward. It lays the groundwork for a robust and sustainable economic growth with India remaining one of the bright spots in the global economic landscape. All in all, I believe it has been able to deliver on the growth agenda in a significant manner.”

Furthermore, the reduction in the fiscal deficit target to 4.9% for FY25, down from the 5.1% estimated earlier in February 2024 (interim budget) paves the way for increasing fiscal discipline and enabling sustainable economic growth, he added.

This will positively impact India Inc. especially the insurance segment as we believe it will enable many more customers save and invest adequately in our financial instruments to secure their future.