“Budget 2015 not a game changer”

Budget 2015 is not a game changer as expected by everyone from a majority government. Finance Minister could have taken some bold steps to push growth and revenue generation. Budget 2015 has expected thrust on infrastructure with more evolved PPP and funding for flagship schemes like Swacch Bharat, MNREGA, etc. Pension reforms with emphasis on insurance and impetus to agriculture and the agro sector are the other positives. For the corporate sector, GST rollout announcement and reduction in corporate taxation is as expected. Industries like Construction, Infrastructure, Power, Cement, Steel, Agri business and Food Processing will benefit. Not much for the common man with no change in personal income tax limits. MSME’s do not have much to cheer about, “Make in India” does not fly with this budget. GDP growth and containing fiscal deficit in limits can help in long run. Overall an average budget.

– V Gokul Das, Managing Director, HRS Process Systems Ltd