Published on 1/02/2017 4:42:57 PM | Source: Religare Securities Ltd

The Budget has managed a fine balancing act between providing a boost to demand and at the same time keeping an eye on fiscal consolidation by Mr. Jayant Manglik - Religare Sec

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“The Budget has managed a fine balancing act between providing a boost to demand and at the same time keeping an eye on fiscal consolidation. Notably, the Budget this year was presented in the backdrop of relatively higher expectations by both – consumers and corporates, which were affected by the government’s demonetization drive. Increasing the spend on the rural sector by 24%, halving of the personal income tax rates in the lowest personal income-tax slab and reducing the tax by 5% for MSMEs with an annual turnover of upto Rs50cr along with no significant compromise on the fiscal deficit front (20bps increase), together indicate the delicate balancing that the government has achieved in the Budget this year. Rural, Agriculture, Infrastructure and Housing were among the key sectors that found particular importance this year.” 

 

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