It is a positive and pragmatic election year budget, says Harsh Goenka
Suman Layak February 28, 2013Harsh Goenka, Chairman, RPG Enterprises on Budget announcements:
Q. What is the big takeaway for you from the budget?
A. It is a positive and pragmatic election year budget that keeps planned expenditure on track and economics in mind.
Q. What do you think is the outlook for the economy?
A. His setting of a tough target on fiscal deficit shows the finance minister's resolve to achieve real growth and fiscal discipline.
Q. What is the one thing that stood out for you from the budget?
A. There are pro-investment measures to boost the infrastructure sector such as debt funds, tax free bonds and investment allowance. The key aspect is that there are no inflationary elements in the budget. It is a populist budget with sufficient checks and balances.