India budget

India’s budget today is not as good as expected. May be the stock market over-reacted by shedding 870 points, close to 6 percent, but the rationale is very understandable. Here is what I feel about the budget.

Good:

  • FBT out – Improves sepending
  • Cheaper loans to farmers – good

Bad:

  • Incentives for export – may not have desired impact in troubled times
  • Income tax limit increase – too low

Not sure:

  • Govt’s willingness to consider alternative currencies (to Dolla

It is interesting to see the way banking shares tumbled closer to 7.5 percent.

Published
Categorized as Misc

By Raju Alluri

Blogging on my personal site since 2006, I try to cover both personal and work related events and thoughts in this blog. You can reach me on Instagram, Facebook or Twitter.

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