Post Budget Reaction by Mr. Dhiraj Relli, MD & CEO, HDFC securities
Below are Views On Post Budget Reaction by Mr. Dhiraj Relli, MD & CEO, HDFC securities
"The FM has delivered a unique Budget, wherein all the right measures have been proposed to speed up growth. The move of rationalization of spends, minimal changes to the direct and indirect taxes and no additional taxes will be well received. Higher spending will kickstart a virtuous cycle of growth. The expansion in spending will be funded by higher borrowings which has the potential to create an upward pressure on inflation and interest rates a few months down the line. We believe that the RBI will be in sync with the Govt and both will take necessary action to prevent this happening."
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