View on Budget by Mahesh Balasubramanian, MD & CEO, Kotak Mahindra General Insurance

Big spend push through National Infra Pipeline, Transport sector and 16 initiatives on Farm growth should help rural economy and growth.

Feb 01, 2020 06:02 IST India Infoline News Service

Mahesh Balasubramanian
‘This is a “Laghe Raho” Budget as there were no quick fixes or grandiose plans but lots and lots of initiatives which will all help keep the economy on course for the 10% realistic Nominal GDP growth planned. Big spend push through National Infra Pipeline, Transport sector and 16 initiatives on Farm growth should help rural economy and growth. Fiscal deficit at 3.5% for Fy 21 is a relief as we stay the course and yet spend extra within limits. Disinvestments target of 2.1 L cr will have to be met through LIC, IDBI etc. Overall, time to switch of TV Channels and go back to the hard grind of execution to get the economy on track. So, as we chase the 5 tn GDP target, its ‘Lage Raho’ for now.’

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