Budget Reactions from Mr B Prasanna, MD and CEO - ICICI Securities Primary Dealership Ltd
 "The positives from the budget are its target on spending schemes designed to target inclusive growth and the continued emphasis on targeting growth at 9%. The substantial increase in expenditure over the interim budget spells good news for domestic consumption and growth. However, the bond markets would have to grapple with a higher than expected gross borrowing programme of Rs 4,50,000 Cr. There is an expectation that all the extra borrowing will be front ended and completed in the remaining 3 months of the first half when the liquidity is good. This increased borrowing may exert upward pressure in yields on a week on week basis. The budget also seems to be silent both on capital market reforms and on a road map for bigger divestments."
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Union Budget