Market experts across the board are looking forward to a common man friendly Budget today, which also heralds a road map for growth and reform.
Market experts across the board are looking forward to a common man friendly Budget today, which also heralds a road map for growth and reform.
"Expectations are huge and high as far as the common Indian is concerned. Because common Indian is not happy as far as the finances are concerned, for the past three-four years. The common man's expenditure has been rising for the past three-four years whereas his income growth has not been able to keep pace with the rising expenditure. So, he has lots of expectations," Akash Jindal, a market expert told ANI.
He added that the Economic Survey and Prime Minister Narendra Modi's speech yesterday clearly showed that the government wanted to pursue the growth and reform path.
"If we see the Economic Survey of yesterday, and the fraction figures that it has given, the direction of the government which we can make out from the Economic Survey, and the good speech that Prime Minister Narendra Modi has given yesterday, I think the government clearly wants to pursue the growth and reform path, which the government is already on," he added.
"I expect the income tax limit would be raised from two lacs 50 thousand to three lacs. The government is also having a lot of focus on housing. Housing refinance interest component portion, the exemption limit may be raised from two lacs to three lacs," Jindal added.
Meanwhile, Alok Churiwala, Vice-President of BSE Broker Forum said "A lot of expectation is there. From common people to industrialist everyone has expectation on this budget. The government got around 7-8 months time to bring out a good reform."
Other market expert, A.P. Shukla, hopes the Finance Minister will fulfil the maximum expectations of the common man.
"I think the Finance Minister will fulfil the maximum expectations of the common man. It seems like the government would make the 'Make in India' a successful one. Taxation is expected to cut down. People wish that the finance minister will put more money in their pocket," said Shukla.
Arun Jaitley will present his first full-year budget in Parliament today, seeking to put the country on a path of 7-8 percent growth over the next two years.
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