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Budget 2018-19 Reactions

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Reactions

Ridham Desai
MD & Head of India Research

With the economy on a recovery path, any acceleration on spending will give a further boost. So, market is bound to focus on what the government expenditure will be for FY18.

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JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

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Ramesh Damani
Member

There are a couple of bad news in this for retail investors and domestic investors. Securities Transactions Tax (STT) has not been removed and introduced long-term capital gains and remain short-term but STT is still there. We are perhaps the only co

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Hasmukh Adhia
Secretary, Financial Services

With regards to LTCG tax, there is no reason to exclude a large chunk of income earned by people of about Rs 3.67 lakh crore in the last year out of the tax net.

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Gagan Banga
VC & MD

Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

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JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

Share
Adrian Mowat
Chief Asian & Emerging Market Strategist

The Budget could tell us about the political timing as opposed to give us guidance on which sectors to be overweight or underweight on.

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Hasmukh Adhia
Secretary, Financial Services

With regards to LTCG tax, there is no reason to exclude a large chunk of income earned by people of about Rs 3.67 lakh crore in the last year out of the tax net.

Share
Gagan Banga
VC & MD

Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

Share
JP Chowdhary
Chairman

Expect an announcement in terms of Gold Board because there is no ministry representing the gold and jewellery sector

Share
Manishi Raychaudhuri
MD, Asian Equity Strategist, HoR

If long-term capital gain tax is imposed it would hurt sentiment of all market participants.

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Ajay Srivastava
CEO

The entire amount of gains that we all have made in the last Bull Run is all safeguarded with zero tax, it has been a great relief to that extent.

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Ramesh Damani
Member

There are a couple of bad news in this for retail investors and domestic investors. STT has not been removed and introduced long-term capital gains.

Share
Gagan Banga
VC & MD

Expect government to continue with its thrust on affordable housing and in that regards give more tax breaks.

Share
Abheek Barua
Chief economist

Would look for distribution of capital expenditures more towards growth as opposed to subsidies.

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Gautam Chhaochharia
Head - India Research

If the Budget is populist along with high fiscal deficit expansion then it is worrisome but if the social schemes announced are within the contours of fiscal deficit then it may not be so worrisome

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Vallabh Bhanshali
Chairman

The market doesn\'t seem to suggest that it is disappointed at all. It took some time to understand but when you are getting grandfathering mechanism at the highest market ever been what is there to complaint. After the data that came out, the 3.67 l

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Suresh Prabhu
Commerce Minister

Expected rise in export is about 15%. We have been seeing a gradual increase in exports. Economic Survey talked about export as a possible engine of growth and that is what we are working on.

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Suresh Kris
Vice President

Would like to see continuation of growth momentum and the government manage finances carefully. Would expect some sort of tax easing.

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Abheek Barua
Chief economist

Would look for distribution of capital expenditures more towards growth as opposed to subsidies.

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Gautam Chhaochharia
Head - India Research

If the Budget is populist along with high fiscal deficit expansion then it is worrisome but if the social schemes announced are within the contours of fiscal deficit then it may not be so worrisome

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Udayan Mukherjee
Consulting Editor

One must not take today�s reaction at face value since it is too wishful to think that a LTCG tax plus fiscal slippage has been met with green on the Sensex on Budget day, tomorrow�s reaction key.

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Vallabh Bhansali
Chairman

The market doesn\'t seem to suggest that it is disappointed at all. It took some time to understand but when you are getting grandfathering mechanism at the highest market ever been what is there to complain.

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Ganesh Ayyar
CEO

Would like to see continued commitment to improved infrastructure and take more steps forward to unify regions.

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Sajjid Z Chinoy
Economist (Asia)

2017 was a year of valour � big reforms like GST, Bankruptcy Law, & Bank recapitalisation. So 2018 should be year of consolidation and the Budget has to send that signal that we have to consolidate the gains made last year.

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Neelkanth Mishra
Head of Equity Strategy India

Budget is likely to be a non-event as it has been in the past. It is just an arithmetic exercise.

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Nirmal Jain
Chairman

Long-term capital gain (LTCG) tax will be taken in stride and will not have much impact.

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Nirmal Jain
Chairman

Long-term capital gain (LTCG) tax will be taken in stride and will not have much impact.

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Suneeta Reddy
Joint MD

The macro picture is fast deteriorating � at least it is not as attractive as it was back in the year 2016-2017. Do you think the hope-based rally could push the index towards record highs?

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Sajjid Z Chinoy
Economist (Asia)

2017 was a year of valour � big reforms like GST, Bankruptcy Law, & Bank recapitalisation. So 2018 should be year of consolidation and the Budget has to send that signal that we have to consolidate the gains made last year.

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