Budget Reaction - Amitabh Chaudhry - Managing Director and Chief Executive Officer, HDFC Life

"Overall it's a good budget for the economy which in turn will always have a positive impact on the insurance sector. Fiscal prudence and thrust on keeping inflation low will continue to have a beneficial impact for life insurance offerings. The slew of measures in the budget, especially the thrust on digital showcases the intent of the government to shift money to formal financial channels and life insurance is a positive - albeit over a longer time horizon. The proposal to abolish FIPB and liberalisation of FDI signals that India remains open for business in a world rapidly shifting towards protectionism."

Source : Equity Bulls

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