As Pranab Mukherjee rises to present the union budget in a couple of days from now, most people are expecting it to be wish-fulfilling. No matter what, budget is looked upon as a positive stimulus that can help replace the negative sentiment and cheer up the financial markets reasonably.
Industrialist Adi Godrej is expecting a pro-growth budget. He said that the revenues have increased despite the stimulus and even with the stimulus, the fiscal deficit is lower than the budget target. Moreover, he feels that the lower tax rates are increasing collections. In his opinion, if the Reliance Industries-BP oil and gas deal gets quick approval, it can boost FDI inflows even in this fiscal year. He seems to be suitably impressed by the GDP target figure mentioned in the Economic Survey.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
