Budget quote by Kunal Sanghavi, CFO at Metropolitan Stock Exchange

The proposals and the related fund allocations on developing infrastructure, educational universities, Express roads and data parks, along with expansion of the BharatNet scheme will define New India.

Feb 01, 2020 01:02 IST India Infoline News Service

So far, the Budget has nothing extraordinary in it in terms of addressing the most pressing issue for the nation, which is of economic slowdown. This indicates we will continue to see more pains on the economic front.
 
However, the most interesting part is the long-term measures for building an economic super power. The proposals and the related fund allocations on developing infrastructure, educational universities, Express roads and data parks, along with expansion of the BharatNet scheme will define New India. The stress on incentivising setting of Data centres will eliminate the country’s dependence on global agencies.
 
The continued focus on Fintech and analytical technology will also address the concerns of employability and skill development required to keep pace with development of new technologies. The stress in the Budget is clearly on incentivising new initiatives as against maintaining the old and existing schemes. This is definitely a growth-oriented portfolio and sign of successful allocation.
 
Privatisation of ports and listing on stock exchanges will improve their efficiency and promote investments in port development. This move, in turn, will foster imports and exports and promote trade and commerce. We see a lot more emphasis on privatisation, fund raising and listing by government which will boost stock exchange listing.

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