Budget 2015: Key Areas 'a Reform Oriented Government Should Focus'

BENGALURU: The Budget heat is on and the country is waiting for the most happening balance sheet of the country to be revealed. From a common man to the foreign investors everyone is looking forward to this particular ‘reform oriented’ budget with high hopes. The biggest challenge here for the Modi government is to strike a perfect balance between expectations and fiscal prudence without disappointing the corporate babus. How well is the budget going to do? Well that is worth the wait.

Before we get to the Modi’s much talked about ‘Make in India’ there are certain key issues the government needs to focus on in order to help ‘Make in India’ happen. Firstly, to make something we need immense investments both domestic and foreign. Reviving India’s investment cycle is the first priority. It is only the investment that can make India self-sustaining and generate employment. The focus should lay on increasing disposable money in the hands of people to trigger the investment cycle.

Secondly there is an increasing need for more number of SEZs, freight corridors to in turn increase manufacturing hubs and industrial parks. These are the immediate steps for accelerating manufacturing in India.

Foreign Institutional Investments (FII) is on the rise for over a year now, but there is no significant rise in Foreign Direct Investment (FDI). FDI is more reliable form of investment which brings more stability unlike the liquidity that is generated due to the FII. FDI is possible only by easing India’s norms for allowing business. A single clearance window mechanism would serve the purpose and accelerate the process of business.

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