Budget is Directionally very positive - Dun & Bradstreet

Mr. Kaushal Sampat, President & Managing Director – India, Dun & Bradstreet

"The budget is directionally very positive, with a long term vision to spur inclusive growth. The most important aspect of this Budget is its predictability, which is likely to boost investor confidence on the India economy. Thrust to infrastructure, measures to revive the investment cycle, focus on ease of doing business and boosting entrepreneurship would be the four key takeaways from the Budget. The corporate tax concessions, tax simplification, deferral of the GAAR, tax overhaul to allow REIT listing, Gold Monetisation Scheme, creation of a unified national agriculture market are some of the positive measures that would stimulate the flow of investments, which in the long run would also help boost consumption. The proposal to unveil a Bankruptcy Code deserves particular mention as it would go a long way in improving the ease of doing business. The focus on universal social security system, health insurance and the support provided for start-ups reiterate that the priorities are in the right place."

Source : Equity Bulls

Keywords