Dun & Bradstreet Quote for Budget Expectations.

Dear Sirs:

 

We are attaching the pre-budget quotation of Mr. Kaushal Sampat, COO, Dun & Bradstreet India, along with his photograph, to you for publication.

 

Regards,

Parthiv Kamani

Principal Consultant

Blue Lotus Communications

Ph: 9820025590/66522804.

 

Quote for Budget Expectations.

 

There are four broad areas that the budget must definitely articulate upon. First, given the losses that the export sector has suffered, the Budget must set up an agenda for relief for that sector, an agenda that goes above and beyond immediate sops. Second, the economy will continue to need a substantial push even as it is expected to start reviving in the second half of the current financial year. Third, the budget must signal the approach towards the management of the large fiscal deficit. Last, and perhaps the most critical from a long term perspective, is that budget must set up a direction on reforms. Infrastructure ought to be a major focus area of the budget, not just towards increasing the competitiveness the export sector, but also because it will give a much needed impetus to the flagging economy while also filling the large gap in infrastructure in the country. Given that the fiscal deficit is already at a high level, it would be challenging for the government to apportion more funds in this direction. Therefore, the budget must gear towards evolving a constructive and stable policy environment aimed towards attracting private participation in infrastructure projects. Given the high fiscal deficit, and the pressure on government revenues, it seems improbable that any major tax cuts will be announced. However, broader initiatives that are more development oriented and bring about reforms in the larger economy can certainly be tackled.

 

Kaushal Sampat

COO

Dun & Bradstreet India