Mehta Equities' report on Budget 2015-16
We believe it was a pragmatic & futuristic budget giving constructive impact on each and every aspect of economy. The equity markets will continue to rise on a sustainable basis and we see that the action will now be shifted to broader markets away from the indices.
We notice that considerable effort has been made in this year’s budget to improve the financial condition of Indians across all income categories. We judge that Government has emphasis on tax simplification, tax compliance and infrastructure spend which is the need of the hour. The Government continues to spend/ invest more to stimulate the economy, keeping aside the concerns of rating agencies by postponing the fiscal deficit targets.Overall, the budget was positive as its give importance to spend on infrastructure, ease of doing business and social spend - all very well intended., we welcome the budget with a hope of committing ‘Ache Din’ on the way.
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