This is the budget to take India to 5 trillion dollar economy.
It has accepted entrepreneurs as job creator & working for profit. It has shown path-breaking intent on strategic divestment of PSUs and reduces government holdings below 51%. Counting holdings of government-controlled entities in the 51% limit is a masterstroke. Opening up of Gilt market for FPIs, including potential sovereign bond issuance, is another path-breaking intent to raise nontax revenue without crowding out private sector investment or raising domestic interest rates. Becoming part of the Bond Index for stable as well as long term capital flows will be the final destination.
Denne historien er fra August 2019-utgaven av Investors India.
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Denne historien er fra August 2019-utgaven av Investors India.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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