Moneycontrol
PNB fraud LIVE: ED freezes Rs 94 cr worth MFs, shares of Nirav Modi, Mehul Choksi group

or go to

Budget 2018
Jan 29, 2018 05:11 PM IST | Source: CNBC-TV18

Budget 2018: Wells Fargo AMC will look for continued commitment towards infra, GST

Brian Jacobsen, Wells Fargo Asset Management would like the Budget to see continued commitment to improved infrastructure and take more steps forward to unify regions.

CNBC TV18 @moneycontrolcom

With the Union Budget 2018 just a few days ahead, CNBC-TV18 spoke to global investors to know their expectations.

Brian Jacobsen, Wells Fargo Asset Management would like the Budget to see continued commitment to improved infrastructure and take more steps forward to unify regions. Moving towards GST was a good way to make it easier to do business across India.

Moreover, as long as the government is taking incremental steps towards opening up the economy and unifying the economy nationally, investors will continue to allow them to run Budget deficits without to many adverse effects, said Jacobsen.

Talking about the recapitalisation plan for the public sector banks, he said symbolically it is very important step because for years now, it has been widely known that the banking system hasn’t been functioning the way it could have. However, that does not mean the banks are a screaming buying opportunity. Hope this will continue as well, said Jacobsen.

India Union Budget 2018: What does Finance Minister Arun Jaitley have up his sleeve? Click here for live Budget 2018 news, views and analyses.
Sections
Follow us on
Available On