Some 44.1 per cent respondents in the IANS-CVoter Post Budget have said that prices (inflation) will “not at all” come down after this Budget.
The IANS-Cvoter BUDGET INSTAPOLL was conducted right after the live telecast of the presentation of the 2022-23 Union Budget by Finance Minister Nirmala Sitharaman; interviewing approx 1,200+ randomly selected respondents across all demographics.
Data weighted to known population profile.Margin of error is +/- 3 per cent at national level and +/- 5 per cent at regional level.
Some 26.7 per cent respondents said that prices may come down ‘a little bit’ while 22.6 per cent said prices will come down by a large extent, as per the survey.
The Union Budget did not have any changes in personal income tax disappointing the middle class which has been struggling with lower incomes and higher inflation in the pandemic era.
Measures to boost private consumption are limited in the Union Budget.Personal income tax related measures such as tax cuts, hike in standard deduction, and higher MGNREGA spending would have made an immediate positive impact on consumption, Morningstar Investment Adviser India said in a report.
Prime Minister Narendra Modi has refused to succumb to electoral pressures as the Union Budget had no mention of populism or playing to regional galleries.
Elections to five states are slated this month but a Budget perusal will leave you wondering as Sitharaman has focussed on the economy imperatives and there is no hint of populism or giveaways for even the largest state of Uttar Pradesh which is headed for the polls.
Her focus has been on growth and focussing on new age sectors like fin tech, start ups, crypto currency, digital rupee, drones, solar energy, leveraging technology among others.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world.Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger.Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content.Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content.More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content.We believe in free, fair and credible journalism.
Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard .