Rural, agriculture, infrastructure and housing key sectors of budget: Jayant Manglik, Religare Securities

India Infoline News Service | Mumbai | February 01, 2017 17:39 IST

The Budget this year was presented in the backdrop of relatively higher expectations by both - consumers and corporates.

The Budget has managed a fine balancing act between providing a boost to demand and at the same time keeping an eye on fiscal consolidation. Notably, the Budget this year was presented in the backdrop of relatively higher expectations by both – consumers and corporates, which were affected by the government’s demonetisation drive.

Increasing the spend on the rural sector by 24%, halving of the personal income tax rates in the lowest personal income-tax slab and reducing the tax by 5% for MSMEs with an annual turnover of upto Rs 50 crore along with no significant compromise on the fiscal deficit front (20bps increase), together indicate the delicate balancing that the government has achieved in the Budget this year. Rural, Agriculture, Infrastructure and Housing were among the key sectors that found particular importance this year.

The author, Jayant Manglik is President, Retail Distribution, Religare Securities Ltd. 

 

Advertisements

  • Save upto Rs.2.67 lakh with Pradhan Mantri Awas Yojana ...Know more
  • Now Save Rs.3150 on your Demat Account ...Click here
  • Now get IIFL Personal Loan in just 8* hours...APPLY NOW!
  • Get the most detailed result analysis on the web - Real Fast!
  • Actionable & Award-Winning Research on 500 Listed Indian Companies.