Post Budget Reaction by Mr. Sreeraman, Co-Founder of Agrahyah Technologies

A ‘no harm budget’ for both India and Bharat. With interest subvention for farmers and high rebates on income tax, this a well-balanced interim budget for both urban and rural Indians. The budget puts more money in the hands of people, a welcome move.

With the election around the corner, the budget aims to focus on increasing consumption and expedite revival of an economy which faced headwinds from the previous initiatives such as DeMo, RERA, and GST.

A revival of demand in real estate, auto, and consumer goods are obvious which also increases the number of loans disbursed by a bank, thus blowing tailwinds for all major sectors driving the consumer economy.

India is leading in mobile data consumption in the world, coupled with increased connectivity and cheapest data plans, we can expect increased consumption not just in consumer goods, but also multimedia content consumption on mobile. With 1 lac villages poised to be transformed into Digital Village, it will be a windfall for digital payments, e-services, and content-driven companies.

@Technuter.com News Service

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