P R Agencies

Union Budget 2013

Govind Rammurthy
MD & CEO
eScan

"Overall, it is a practical budget, in the backdrop of a grim macroeconomic scenario, a difficult fiscal situation and compulsion of ensuing General Elections in 2014. That way, the Budget is on the expected lines. Having said this, however, there are no path-breaking measures to push economic growth of the country and to take it out of its present stagnating trend. Lack of clarity on a timeline for introduction of the Goods and Service Tax and the Direct Tax Code yet, is a major disappointment. The IT sector, one of the major drivers of growth, employment and exchange earnings, has again been overlooked without any tangible steps to boost the sector. To conclude, it is not a bad Budget, but definitely another missed opportunity to kick-start the Indian economy back on growth track."