BSE MD & CEO Sundararaman Ramamurthy Terms Union Budget 2024-25 As Forward-Looking, Equitable And Middle-Class Oriented

The Bombay Stock Exchange’s MD & CEO, Sundararaman Ramamurthy has termed the Union Budget 2024-25 as forward-looking, equitable and middle-class oriented. He said the budget’s clear emphasis on nine priorities lays down a roadmap for infrastructure development, startups and MSMEs, adding that the budget announcements are likely to create new opportunities, uplift demand and unlock multipliers for the economy including long-term capital formation with fiscal prudence.

Congratulating Mrs. Nirmala Sitharaman for presenting a record seventh consecutive budget, National Stock Exchange MD and CEO, Ashish Kumar Chauhan said the budget has given a huge fillip to



job creation in India by ensuring that the private sector also participates in the process. He added that the budget also gives a boost to the industry especially MSMEs with sustained impetus to capex, while maintaining welfare coverage through technology-based measures. Mr. Chauhan said the budget succeeds in keeping infrastructure outlay intact while reducing fiscal deficit target to 4.9 percent.

Meanwhile, the budget day was one of the busiest days ever for NSE. Posting on X, Mr. Chauhan said NSE received more than 2044 crore orders, a world record for any exchange, resulting in 25.97 crore trades in a single day.