Photo by pfalaMarket responded unexpectedly on budget. If we judge the budget 2009, there is nothing negative in terms of imposing new taxes on the corporate world. This budget is good if we take recession under consideration. Talking about US, they are still facing trouble due to recession but on the other hand, India survived the deep recession and registered 6.7% GDP growth this financial year.
I think this budget could be presented in much better way. Mr. FM has increased allocations for various social sector projects. It has strong scope for market and the market will soon realise its benefits and will take it as supportive budget.
Everybody is saying that there is no gain in budget, but at the same time it is also acceptable that there is no lose in this budget. It is not bad as per investment point of view.
