Comment on Budget by Mr Sandeep Bagla, CEO TRUST Mutual Fund
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Below the Comment on Budget by Mr Sandeep Bagla, CEO TRUST Mutual Fund
"In the Budget announcements today, the fiscal deficit stands reduced to 4.9%, but the financing of the deficit through Government securities remains largely unreduced. The increase in capital gains for listed securities increases Government's share in future capital gains. In order to ensure the sustainability of future growth, I was watching out for any measures that free up factors of production like reforms in land, capital, labour, technology. Probably, the strategic measures to free up inputs would be announced gradually in the future as these are essential for the growth rates to increase or even sustain in the coming year"
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