Indian companies were not expecting anything from interim budget
Tuesday, 17 February 2009, 00:10 IST
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New Delhi: Following are the reactions from some prominent industrialists and economists to the interim budget presented by acting finance minister Pranab Mukherjee here Monday: Deepak Parekh, Chairman, HDFC Bank: Not a disappointment, I did not expect anything in the interim budget. It was never meant to be a giveaway. Interim budget is only an exercise of stating accounts. Pradeep Jain, Chairman of Parasvnath Developers: It's a non-event for the corporate world. The interim budget is merely a populist budget. Sajjan Jindal, Vice-Chairman and Managing Director of JSW Steel: I was not expecting much from this. For the next two-three months, we are going to have a policy freeze but monetary policies will address some factors like interest rates. Dalip Kumar, Manager (projects) at National Council for Applied Economic Research: How are they going to maintain the economic growth...these are political statements. D.K. Joshi, principal economist credit rating agency Crisil: The interim budget shows huge pressure on expenditures. Fiscal correction will have to wait.
Source: IANS
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