Abheek Barua, Chief Economist, HDFC Bank
The Budget provides credible numbers in terms of the fiscal math, recognising the revenue shortfall faced this year. It uses up the 50bps point leeway that the FRBM act provides for both this and the next year which is a welcome step.
"Union Budget 2020-21 has carried forward the government’s vision of developing India as a key manufacturing hub and was pragmatic in addressing the economic and social objective of promoting investments, generating jobs and improving ease of living for Indian citizens", says the Union Budget Review 2020 report released by broking firm ICICI Securities.
Vetri Subramaniam, Group President & Head-Equity, UTI AMC
The slowdown in India has been evident since the end of 2018. The government has taken several measures to address this slowdown in recent months.
Dhiraj Relli, MD & CEO, HDFC Securities
The FM has done well in abiding by the fiscal prudence principles for FY21 and the targets set by her look achievable. But it will be crucial for her to stick to it for FY21, else the international rating agencies may have adverse views.
Industry chamber FICCI has recommended to the government to infuse Rs. 1.5-2.0 lakh crore at the very minimum into the economy — which must be used to boost rural demand and infrastructure investments.
