Ramnath Krishnan

With income tax and goods and services tax already rationalised over the last year, the expectation on the tax side had shifted to simplification and rationalisation

The quality of the fiscal deficit is also set to improve in FY24, with capex accounting for a much larger share of the same vis-a-vis FY23

Sectors that witnessed relatively high upgrades in the just-concluded fiscal include real estate, power, ferrous metals, textiles and pharmaceuticals