Budget 2019 also steps to shore up the financial sector via PSU bank recap, partial credit support to financially sound NBFCs and change in regulator for HFCs. Sectors like MSMEs, affordable housing and underprivileged segments like retail traders should benefit, as well.

Budget 2019 announcements like further liberalisation of foreign investment regime, issuance of sovereign Dollar bonds, deepening of long-term bond markets, rationalisation of labour laws, focus on infrastructure investment are steps in the right direction.

Budget 2019 has a vision for the next five years while staying focussed on completion of the already initiated policy changes. It also signals the government’s commitment to fiscal consolidation. On balance, it would help boost the medium-term growth potential of the economy.

#EaseOfDoingBusiness reforms have heavily reduced crossborder transaction costs with Direct Port Delivery(DPD) across major ports.Turnaround time has reduced from 7 days under the CFS model to just 2 days, better efficiency & lower costs. @EODB_India Piyush Goyal Minister of Commerce and Industry @DIPPGOI

The FM struck a reasonable balance between restoring investors’ confidence in fiscal consolidation and announcing measures to support growth, especially for rural and infra sector.

Social sector thrust, particularly #health and #education, is a crucial step to building #sustainable long-term growth and improving social indices. Proposed announcements should see a positive impact. #Budget #Budget2018 #NewIndiaBudget #UnionBudget