Bangalore: During his budget speech Chidambaram quoted Nobel prize-winning economist Stiglitz as saying, “A country's most important resource is its people," while stressing the need for inclusive economic growth. Anil Rego is the CEO and Founder of Right Horizons has given SiliconIndia his perspective on one of the most awaited budgets this country has ever seen.

The budget for 2013-14 focused mainly on fundamental issues such as fiscal consolidation, mass housing, etc. rather than being a big bang budget as widely expected. In our view, it is good that the finance minister did not make an ‘election budget’ but showed prudence and focus on the core areas affecting the economy. We believe that this budget is better for the economy as compared to a ‘flashy’ budget which lacks fiscal prudence. The finance minister has opted to correct all the procedural issues plaguing the economy, instead of announcing a slew of incentives to superficially kick start the growth.

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