Budget 2013-14: Hope for increased focus on economic growth: DBS Bank

Sanjiv Bhasin
DBS Bank

“This budget I expect the Finance Minister to be driven by initiatives that address issues, which have proven and continue to exercise a detrimental  effect on the broad–based economic growth of India. I believe the budget to feature measures that rein in fiscal deficit, improve trade balances, encourage long-term investment climate, stimulate FDI flows and have a sustainable effect on reducing inflationary pressures. Fiscal consolidation appears to be the imperative theme with focus being on bridging revenue-expenditure gap by expediting the disinvestment process, improving tax receipts and reducing non-planned expenditure. I believe these initiatives will also act as a catalyst and provide support for a benign interest rate environment to support the fledgling economic growth”