• Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney Invest Now master your money
Moneycontrol

Home » News » Mutual Funds » MF-Interview

Jan 27, 2017, 10.17 AM | Source: CNBC-TV18

Budget 2017: Govt may spend more on rural economy, infra, says Sundaram MF

Sunil Subramaniam, CEO, Sundaram Mutual believes 2017 the government will focus on rural economy and infrastructure space in the upcoming Union Budget as they will aim to kick-start the economic growth.

Like this story, share it with millions of investors on M3

Budget 2017: Govt may spend more on rural economy, infra, says Sundaram MF

Sunil Subramaniam, CEO, Sundaram Mutual believes 2017 the government will focus on rural economy and infrastructure space in the upcoming Union Budget as they will aim to kick-start the economic growth.

Post Your Comments

Share Cancel

Sunil Subramaniam (more)

CEO, Sundaram Mutual | Capital Expertise: Mutual Funds

in the upcoming 2017 Union Budget the government will focus on rural economy and infrastructure with an aim to kick-start the economic growth that had slowed down due to demonetisation and other global factors like Trump's protectionist policies, says Sunil Subramaniam, CEO, Sundaram Mutual.  

Subramaniam sees 60-70 percent chance of deficit spending. Instead of improving the fiscal deficit, the government would use the increased wallet to spend on the economy, he says.

While foreign institutional investors may not react well to this, the government is likely to remain focussed on infrastructure spending. He notes the FII allocation in India has already waned on account of dollar strengthening and shifted more to commodity-intensive markets like Brazil and Russia.

He thinks there is 50 percent chance of easing off of corporate taxes, which are at a high level. Moreover, with the unorganised sector moving towards organised sector, the tax pool will go up, which leaves room for government to ease corporate taxes, says Subramaniam.

Overall, over the long-term he expects the government to do away with tax free avenues.

For the entire discussion, watch video

Buy, Hold, Sell ? Hear it first on M3
Budget 2017: Govt may spend more on rural economy, infra, says Sundaram MF

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login