158.33
The gradual ramp-up of investment in infrastructure in excess of to 9% of gross domestic product (GDP) by 2014 indicates clear focus on infrastructure and flexibility to India Infrastructure Finance Company Ltd (IIFCL) and increased expenditure on National Highways Authority of India (NHAI) are welcome steps. The exports too are getting a push. This will help the domestic economy.
With the abolition of fringe benefit tax (FBT) and surcharge on IT, more money will be available in individual hands in these challenging times. This will catalyse savings, investments and spending, which in turn will help the economy. An appropriate budget.
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