Reaction on Budget 2016 - Entrepreneurs Organisation, South Asia

Mr. Chiranjiv Patel, Incoming Regional Director - Entrepreneurs Organisation, South Asia

This budget is a populist one and overall clearly defined for the lower class, middle class, and higher class. Various initiatives in the budget are a significant boost to all startups business entrepreneurs and new manufacturing companies. The budget also taxes the riches and high-income people (nothing major for them) heavily, with passing benefits to lower class and middle class will be an attempt to balance the economy. Service tax exemption for housing will be a significant boost for home buyers & the for the overall growth of the sector. This budget seems to be making an effort to create an agro economy as well. Considering all the initiatives by the honourable finance minister, the union budget 2016 aims at jobs creation, rural development, and structural transformation which will lead to overall growth of the economy.

Source : Equity Bulls

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