Finance Minister presented a "please-all" very bland budget. He tried to simulate the investment in the Economy by announcing innovative index-linked saving bonds too.He made a point that importing Gold through the drainage of Foreign Exchange is not only not in the interest of nation but the individuals as well.But it may sound only preachy to the common man,as there are no opportunity to save and protect the Funds, except buying speculative bullion,or the real estate in the cities! The current account deficit and inflation all around ( CookingGas,Fuel,Power and Water) is eroding the financial savings and so investment elsewhere!
Some external investor institutions are trying to see optimism in this budget.For one thing they see the FM with good track record in liberalisation,and Expenditure cutter. So they feel India has potential to grow and projects will take off. Well in the Defense sector there is cut on the expenditure and in the Telecom,particularly in the 4G area there are a ripple of deals getting signed.Looks like the LTE deployment is going to happen and we definitely see the few mega T&M businesses getting done before Mar 31 ! Will it lead to a positive turnaround? Jury is still out.
Some external investor institutions are trying to see optimism in this budget.For one thing they see the FM with good track record in liberalisation,and Expenditure cutter. So they feel India has potential to grow and projects will take off. Well in the Defense sector there is cut on the expenditure and in the Telecom,particularly in the 4G area there are a ripple of deals getting signed.Looks like the LTE deployment is going to happen and we definitely see the few mega T&M businesses getting done before Mar 31 ! Will it lead to a positive turnaround? Jury is still out.
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