Market Commentary

Interim Budget quote from Subhrakant Panda - Managing Director - Indian Metals & Ferro Alloys



Posted On : 2014-02-23 00:28:07( TIMEZONE : IST )

Interim Budget quote from Subhrakant Panda - Managing Director - Indian Metals & Ferro Alloys

"The Vote on Account is, of course, a temporary intervention but I am glad that problems relating to the manufacturing sector have got some attention with steps taken to stimulate demand for automobiles and capital goods. It is also heartening that the fiscal deficit and burgeoning current account deficit have been reigned in to some extent. A lot more needs to be done to bring the economy firmly back on the growth path but that will be the preserve of the new government and a full budget".

Source : Equity Bulls

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