FY20 Budget continues to signal govt’s commitment towards revised fiscal glide

The measures announced will play a positive role in attracting more global investment, and much needed foreign direct investment (FDI) boost for key sectors.

Jul 05, 2019 07:07 IST India Infoline News Service

Vikas Dawra
“The overwhelmingly strong political mandate also ensures policy continuity, removes ambiguity, and boosts sentiment in the economy. The FY20 Union Budget by the new government is a testament to all of these. The measures announced will play a positive role in attracting more global investment, and much needed foreign direct investment (FDI) boost for key sectors. This, in turn, will translate into all-round growth of the economy and create a encouraging ecosystem for investors.
 
The FY20 Union Budget continues to signal government’s commitment towards the revised fiscal glide path by pegging the headline deficit target at 3.3% of GDP, lower than the FY19 deficit of 3.4%. In the backdrop of slowing domestic growth momentum, the FY20 Union Budget furthers the ethos of reviving the twin growth drivers of investment and private consumption with job creation and inclusion as the common underlying theme. Through these comprehensive steps, the Finance Minister aims to take the Indian economy to a level of $5 trillion in the next five years from an estimated size of $3 trillion in FY20.”
 
Vikas Dawra, Joint MD & CEO, YES SECURITIES

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