What Edelweiss Asset Management CEO expects from the Budget

It is fairly clear that most people are looking towards India as a growth story which will remain relatively unscathed in the global turmoil, Vikaas M Sachdeva, CEO, Edelweiss Asset Management said.

He said that however, for India to actually deliver on its expectations and drive growth, it is necessary that it invests further in:

1.            Investment in physical infrastructure, which includes aggressive growth targets towards building roads, railways, ports, electricity, energy, etc.

2.            Higher wallet share towards social infrastructure, which includes education, health and sanitation, skill development, etc., and other social welfare schemes.

3.            One of the key areas that needs desperate attention is a nuanced, yet fast tracked spend on the defence sector. Our forces are high on intent, but low on equipment and basic infrastructure, which in an environment like today would undermine our economic growth.

"I look forward to the Budget giving several incentives to the private sector to join hands with the government in not just investing, but also reaping the benefits of activity in the above. Quality of life will affect the quality of spend, thereby increasing business confidence and further investments into the economy," Sachdeva said.