The budget comes across as a bit over-simplified. While it looks in the right direction, it appears to be a bit slow in producing results. It seems to offer little to induce immediate growth. One country , one market GST is still expected to be rolled out next year. Till then the growth is likely to continue to be stunted, especially as excise & service tax have been increased. Corporate tax reduction is welcomed, but an immediate respite would have been good to build an overall positive sentiment. We were expecting more marquee, flagship changes in FDI & the e-commerce industry, which would have helped propel the desired growth and give a structure to the sector.
- Post-Budget Reaction by Mr. Koichiro Koide, MD, NEC India
- Post-Budget Reaction by Mr. Uday Challu, Ceo iYogi.com