Budget 2009 India
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SENSEX

17131.08 -49.10

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5090.55 -13.00

Reactions

Rahul Mirchandani, Aries Agro Limited

The budget has made great moves on infrastructure development, including cold storages and warehousing, and irrigation development, which will both be positive ...

Nischal Maheshwari , Edelweiss Securities

The measures to support growth with a “common man” focus has broadly been as expected, but there is nothing significant on the future roadmap of reforms and di...

Mr. Kaushal Sampat, Dun & Bradstreet

The Union Budget 2009 -10 is largely positive, and seems to be an ‘aspirational’ budget in terms of what it seeks to achieve over a long term horizon. As we ha...

Sunil Godhwani , Religare Enterprises Ltd.

While the immediate market reaction has been negative to the budget as far too many expectations were built up, over the medium term, the market would rate it a...

Sanjay Sachdev , Shinsei Bank

Recognizing that substantial growth come from Rural India the Finance Minister has reaffirmed the social inclusion focus of the Government with increased credit...

Gaurav Dua , Sharekhan Ltd

The Union Budget has fallen short of high market expectations. The street has reacted negatively to issues such as high projected fiscal deficit of 6.8% and mor...

Harsh Goenka, RPG Enterprises

The Finance Minister has played a well-crafted Test match innings, rather than a 20-20 knock. His speech has sought to lay down the broad framework of the gover...

Kapil Wadhawan, Dewan Housing Finance Corporation Limited

The budget announced by finance minister for financial year 2009-10 clearly focuses on improving rural housing and developing infrastructure in urban and rural ...

Rajesh Relan, MetLife India Insurance Company Limited

From the Life Insurance Industry perspective, we were expecting the FM to give a road map for the insurance Bill. In that regard the budget was a disappointment...

Ratnesh Kumar, Anand Rathi Financial Services

On financial sector: The main thing which will worry the financial sector is obviously the fiscal deficit number which has come out. What a lot of us were expe...

Saurabh Nanavati, Religare Mutual Fund

The market had huge expectations from the budget. Therefore post the 17% rise in one day post the election results, the markets are now correcting in line with ...

Pramod Bhasin, NASSCOM

Many of the initiatives in this year’s budget recognize the role the IT BPO industry can play in promoting inclusive growth and creating substantial employment ...

Koushik Chatterjee, Tata Steel

Everybody has talked about this being a document where he has laid out the roadmap; specifics are less, directions are more. Good thing about it is no changes i...

Shankar Sharma, First Global

I am not buying any weakness. I am buying strength. If the markets are weak, forget about it. Then this mini-bull market is probably over. I doubt if it will ge...

Pradip Baijal, Department of Disinvestment

The finance minister had a big problem. There were rising expectations on expenditure on NREGA, road programme, rural programme, urban renewal programme. So, he...

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