'50-55% Of Taxpayers May Shift To New Regime'
Financial Express Mumbai|February 03, 2023
A DAY AFTER presenting the Budget for 2023-24, finance minister Nirmala Sitharaman said growth was the predominant focus from Day 1 when she and her team sat down to prepare the last full-year Budget ahead of Lok Sabha elections.
Aanchal Magazine & Anil Sasi
'50-55% Of Taxpayers May Shift To New Regime'

"The Prime Minister was also on board with it. He said growth ka momentum rakhna chahiye (we need to keep the growth momentum). If anything, we need to speed it up, oil it better and run it better, and that is why this number of 10 trillion for capital expenditure came up,' Sitharaman said in an interview.

She said given that there was no let-up in the pandemic, and the hit the private sector took due to this, the government remained consistent with its capex plan over the last three years. "We weren't really looking if they were investing or not. We went about investing. Simultaneously, of course, the private sector has come out, the twin balance sheet problem has been addressed, they have deleveraged themselves considerably," she said.

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