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Topic : Post Budget 2010 impact
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Did budget 2010 cause any effect on India's consumption rate?

Created by : Esha Johar, Risk Analyst, Irevna  | 03 04 2010 11:21:02 +0000
Industry : Equity Research/AnalyticsFunctional Area : Equities(Markets)
Keywords : budget 2010 union budget 2010 budget highlights finance minister india budget 2010 budget highlights budget news indian finance minister 2010 indian budget finance minister pranab mukerjee union budget 2010 budget 2010 news pranab mukherjee budget 2010
Activity:  491 views;  last activity : 07 06 2010 20:18:09 +0000

India's budget, which sought to put more money in the hands of individuals will make rising consumption a stronger investment theme, came as a top equity strategist.

Finance Minister Pranab Mukherjee raised tax slabs helping Indians save money, outlined his intention to cut the fiscal deficit, boosting shares of auto and consumer companies. India's target to raise Rs 400 billion through stake sales was achievable and most of it would be executed in the first half of 2010-11.

So users, do you think the budget has caused any effect on India's consumption rate?

  
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Yes. The budget has increased India's consumption rate. It seems the first half of the next fiscal year will be very very consumption lead. If we have a divestment plan to raise Rs 40,000 crore most of it will have to come in the first half of the fiscal. The consumption story is also supported by India's rebounding economy which is expected to grow at a faster pace. Very few countries in the globe can boast of a declining fiscal deficit trend and growing at a pace at which India is growing.
By Esha Johar, Risk Analyst, Irevna  03 04 2010 11:30:53 +0000
 
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By l dash, sales, cloud9  | 03 04 2010 13:24:17 +0000
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Consumption rate has shown no effect after the budget. The rate is still the same as it was before the budget. i.e, till last month. It neither has increased nor has decreased.
By Jyoti Rath, Sr. Associate, Barclays  | 03 04 2010 11:26:05 +0000
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