The Union Budget 2023 demonstrated the Government’s vision to expedite infrastructure development, with the announcement to increase capital expenditure. This will help put the economy on an accelerated growth path.
Furthermore, the budget emphasizes the government’s commitment towards the “green growth” approach. The indirect tax proposals to boost green mobility will provide a further impetus to accelerate EV adoption in India. This initiative also resonates well with FedEx’s global goal of achieving carbon-neutral global operations by 2040. Lastly the measures taken to support and enable MSMEs in India, who play a pivotal role in burgeoning the Indian economy, will help accelerate the sector’s growth trajectory