Raise resources through monetisation of government assets

1. Growth will be driven by investments. It will require legislative changes as well as administrative reforms. Investment requires public push as private sector is a bit leveraged or waiting to buy rather than build.

2. For investment flows, savings and lower real rates are required. Budget should provide incentives for financial savings and lay a road map for fiscal consolidation to lower rates.

3. Budget should raise resources through monetisation of government assets rather than raising taxes. Budget should focus on increasing financial savings, Monetising government assets should be especially through strategic divestment and controlling subsidy along with increased public investment.

Nilesh Shah is CEO at Kotak AMC.