“The Budget could not create any greater impact but it could give a direction as to how the economic policies of the country are being adopted to stimulate growth in key sectors and to stimulate growth in FDI in various sectors” said Dr. Charan Singh, Reserve Bank of India Chair Professor at IIM Bangalore, in the Budget discussion conducted by Centre for Public Policy Research in association with Federation of Indian Chamber of Commerce and Industry. This Budget has not given importance to old age persons and ignored gold, he added. But he said that the Budget is well suitable with the Government’s new slogan ‘Minimum Government and Maximum Governance’. He also pointed on the need to rationalize subsidies to create way for more productive investments.
Mr. Madan Sabnavis, CARE Ratings Chief Economist has also analyzed the budget in a different perspective. He said that this budget is a statement of account rather than a political approach. Though it doesn’t have any visible implication it can create a huge impact in macro economic level, he added.
Anil Kuckose and Deepak V Rao Associate Directors , Ernst & Young, David Mooken, Dr. D Dhnauraj, Chairman CPPR, and A A Azeez , Kerala Merchant’s union chairman also spoke.