Central Governments maintain a good balance between social and economic objectives during the budget - Ladderup Wealth Management Private Ltd
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Pre-Budget expectations Mr. Raghvendra Nath, Managing Director – Ladderup Wealth Management Private Limited
Over the years we have seen that most Central Governments maintain a good balance between social and economic objectives during the budget. So, I don’t expect this year will be any different. In the last two budgets we have seen that the government is actively listening to the industry experts and addressing the gaps in policy and taxation. This budget should ideally further that exercise in bringing industry friendly policies that can bolster overall Economic growth. I feel that the government is keen on expanding the “Make in India” initiative and we should hope that there would be some measures that can enable substantial increase in capital expenditure by the private sector. Infrastructure stays one of the core focus areas for the government and we should expect some announcements related to that along with some positive announcements for the farming sector. The tax collection during the last nine months have been quite robust and much ahead of the budget estimates for the current year. There is a good possibility that the government may have a fiscal deficit number which is lower than the budgeted and that could be a positive surprise.”
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