'Too Much Drama': Here's what Anand Mahindra said about Sitharaman's Budget

Reacting to the recently announced Interim Budget 2024, Mahindra Group chairman Anand Mahindra has said expectations around the Budget and its announcements are "too much drama, which raises expectations of policy announcements to an unrealistically feverish pitch." The statement comes amid absence of any major populist announcement in the Interim Budget 2024, despite expectations of such measures just before the Lok Sabha elections."

Anand Mahindra said that he feel that there is too much drama associated with Budget and it should just be seen as policy document. "For many years, I have been saying that we create too much drama around the budget and raise expectations of policy announcements to an unrealistically feverish pitch," he said on Twitter.

Also Read: Budget 2024 Key Highlights


"The Budget is NOT necessarily the occasion for transformational policy announcements. Those can, and should, happen throughout the year," he added.

He said that Budget is just an opportunity to plan finances like we all do in our homes. "Just as it is for all private households, the Budget is an opportunity to plan our finances prudently and with fiscal rectitude. The more we are focussed on living within our means and investing for a robust but sustainable future, the more confidence we will gain with global investors," he said.

Also read: Budget 2024: Who gained and who lost in Modi govt’s last budget before polls

Mahindra also revealed five reason why he is pleased with today’s budget:

—It was one of the shortest speeches—Brevity that is welcome and which communicates quiet confidence.

—No populistic measures were announced as has traditionally been expected in pre-election budgets. A welcome, and I hope, permanent approach!

—The fiscal deficit target was better than envisaged. Prudence scored a decisive victory!

—No major Tax and duty changes were announced. Businesses place a high value on stability and predictability and that was evident in this budget.

— The really good news was the higher Tax to GDP ratio which has long been hoped for and which cements a strong foundation for fiscal flexibility and aggressive expenditure when it is needed. The FM can and should trumpet this more loudly…

He also said that now we should "focus on getting back to work and executing our plans efficiently while crossing the ‘Setu’ to a more prosperous India."