Post Budget Reactions From The Financial Top Guns Of India
According to M Murali, MD Shriram Properties, “I would say the budget is positive and balanced – a kind of visionary and reformist budget. In India, not much ago, the overall sentiments, particularly the investment sentiment was so doom and gloom. Fortunately we have come out of it .Thanks to the stable Government and reforms envisaged. Investors are seeing India with renewed interest and hope now. There has been dramatic restoration of confidence in macro economic stability. In a situation like this, this is a good budget.
The Economic Survey has projected a growth of 8.1% – 8.4% in FY16 .To accomplish this, the survey has advocated higher Government spends for infrastructure followed by higher private sector participation. Finance Minister in his budget speech has said that Investment in infrastructure will go up by 700 billion rupees in 2015-16 over last year .This is laudable and the move indicates that we are on the proper growth path.
Read More: Monetary Policy To Now Target Inflation, To Be 6pct By Jan 2016

