The announcement of the LTCG on equity investments and 10% DDT saw the Sensex plunge 1% within minutes. However, the markets seem to have recovered immediately signalling that equity investors including mutual fund investors would absorb these blows and keep investing.
With impetus on education, entrepreneurship, healthcare and agriculture, the Union Budget 2018-19 is a robust, growth-oriented budget, strengthening government's vision of the New India. Doubling the allocation on Digital India sends a strong signal about the govt's resolve to embed and utilize technology in all arenas.
The most distinct features of the last full budget by this government are a heavy focus on infrastructure and rural economy. Reviving a slowing rural economy will help improve rural demand. From the perspective of the bicycle sector, this is a positive move as rural sector comprises a significant market for it.
This year's Union Budget stood for entrepreneurship, employment and quality of life. The announcements made today will benefit MSMEs, including small hotels.
Union Budget 2018-19 is a pragmatic blend of elements which should go a long way towards achieving inclusive growth. Prudent emphasis was laid on productive expenditure via social security schemes like farm insurance and National Health Protection Scheme.
We welcome the union budget's strong focus on inclusive development, with allocations for enhancing both rural and urban infrastructure. It gives a big boost to rural infrastructure by ensuring electricity access to all rural households under the Saubhagya scheme.
The FM has presented a budget which is both balanced and positive. Focus on rural infrastructure, agricultural output and farmer income will help reduce the agrarian distress and boost the rural economy. Emphasis on health, education and employment generation would promote inclusive growth.
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