Tuesday, July 7, 2009

Budget 2009: Reaction Business Line


I am Vipin Bhandari, Age 38 Years  profession as an  Investment Consultant working
in this field for the last 10 years.
 
 
My Views:
 
 
 
The Budget presented  by Pranab Mukherjee  was a  Bold  Budget. The FM has  done a
good  job of  balancing  the  need  to maintain growth momentum with the objective of
creating India's growth infrastructure.
 
The FM has tried to achieve 4%  agricultural growth  which  is  big  positive step.
 
FBT  Abolition is also  big  positive  for  the  industry.  Significant  increase in  spending
on Infra, Roads and Social Sector, Rural  development was  well taken.  His  main  aim
was  also  to  bring back  high  growth  rate.  Govt  has  already given  stimulus  to  pull
up growth and  is  working  well  for our economy. In  my  view  FM  should  have given
some incentive/ s  to our  2nd  Largest  Foreign  Exchange  earning  industry  i.e HOTEL
INDUSTRY.
 
The  growth rate  target of  9% set  by the FM in the budget is clearly a very Positive signal
given the global environment and will be one the best performing economy in World. I am
encouraged by the Govt's commitment to Infra sector.
 
Overall  Budget  was  Inline  what I  had  expected ...., and  Govt has full 5 years term to do
many right things at right time.
 
 
 
 
Vipin Bhandari
VB Financials & Portfolio Company
1081, 10th Level, Millenium Towers
Netaji Subhash Place
Pitampura., N Delhi 110 034
Tel.    42271110
Cell:  98108 32442
 

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