The Government has come out with a responsible Budget.
Author : Dr. Renu Pothen
Update Budget 2014
Update from Research Desk on Budget 2013-2014
The Budget presented by Chidambaram did not have any big bang reforms; however, it was a responsible one from a government which has only a year left to prove its mettle. Similar to his road shows in which he had marketed India well, the Budget also had enough measures which will send a clear message to both domestic and foreign investors that the government is serious about bringing the economy back into a growth trajectory. The government’s resolve to do everything possible to bring down inflation, especially food inflation, should be of some comfort for Subbarao and team. The emphasis on infrastructure will be a big boost to this sector which has been lagging for a long time. We also believe that the measures suggested to enhance savings into the financial sector is a step in the right direction, however North Block could have done a bit more to tap this potential into the capital markets.
Dr. Renu Pothen Research Head-Fundsupermart.com India
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