A realistic Budget says Mr. Sudip Bandyopadhyay - CEO & MD Destimoney Securities

A realistic Budget keeping in mind the economic and political constraints. The fiscal deficit target and other budget numbers look achievable and believable.

Increase of Excise Duty and Service Tax are on expected lines. Recognition of the importance of Capital Markets, Agriculture and Infrastructure a welcome development. Marginal changes in welfare schemes ensure no major drainage of precious resources.

Market will continue to expect other major policy reforms (e.g.FDI in retail, aviation etc) and measures for fiscal consolidation (e.g. rationalisation in fertilizer and fuel subsidies etc.) in the coming days outside the budget.

Source : Equity Bulls

Keywords