India Budget 2016 : Growth Oriented with Rising Infrastructure Spending


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India Budget 2016 : Growth Oriented with Rising Infrastructure Spending

STORY MOOD : BUSINESS AND POLITICS Mood




Budget 2016 – It is a growth oriented budget, balancing different priorities with great push towards agriculture, rural Infra, Infrastructure, and Housing

Overall good given weak global business environment & fiscal situation of the Government. Not tinkering with the laid down fiscal deficit targets will be received well by the investors.

As expected there is continued, rising government spending on infrastructure sector to get the investment cycle going especially the Transportation sector and Rural Infra.

The proposals to strengthen public sector banks along with the bankruptcy law will enable strategic restructuring of stressed & stalled infrastructure projects. Effective execution on this will be positive for the infrastructure sector & the economy.

Focus on PPPs to start the private investment cycle by addressing key challenges through 3 point framework – Resolution of Dispute bills, guidelines for renegotiation of PPPs and new credit rating system for Infra projects is commendable. Implementation of these measures would be the key.

For more comprehensive discussion of the budget including taxation read KPMG's Budget report which is attached



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