Re: Thanks Re: Budget 2009 Reaction

Hi Murali,

 

In the site instead of views only my mail has been uploaded. Please do the needful

 

 

Regards,

Vinayak Pai

On Sun, Jul 12, 2009 at 9:38 PM, vinayak pai <vinayakpai14@gmail.com> wrote:

 

 

 

Excellent budget considering the Global scenario

Union budget 2009-10 was presented in the background of uncertainty about the shape of global economic recovery and extreme optimism on economic reforms path to be adopted by the newly elected government.

 Budget has managed risk of sharp reduction in GDP growth rate by providing emphasis on Private consumption and Government Investment. Private consumption was stimulated mainly by increasing planned expenditure for NREGS & JNNRUM schemes, increase in the threshold level of taxes by Rs. 10000 and removal of 10 percent surcharge on income above Rs.10 Lakhs. As there was considerable slowdown in the private investments government stepped up investments in infrastructure sector. With thrust on domestic consumption and government investment this budget has ensured with reasonable certainty that Indian GDP growth is in excess of 6% in spite of uncertain global scenario.

Budget has disappointed big bang reform expectations by not announcing relaxation in FDI norms. It has also not laid any road map for disinvestments.  I think these announcements not necessarily be part of Budget and can be made during the Financial year. I believe Government would announce these policies at an appropriate time.

I strongly think in the long run this budget would be remembered for insulating Indian growth from the global slump.

 Vinayak Pai

Consultant - Wipro Ltd.

(Views expressed herein is personal in nature and nothing to do with the orgainsation)

 

 

On Sun, Jul 12, 2009 at 9:32 PM, Murali D <budget2009reactions@gmail.com> wrote:

Thanks for your quick 'reactions'!

Warm regards
D. Murali
http://Budget2009Reactions.blogspot.com/