Azureus Factus Advisory Services P Ltd | Union Budget 2016-17: Take Away
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Union Budget 2016-17: Take Away
01 Mar Union Budget 2016-17: Take Away
Posted at 15:13h
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Budget 2016-17 – announced in the backdrop of rising rural distress, sluggish domestic demand, weak investment environment and intensifying global headwinds – tries to address the twin objectives of growth and inclusivity, while staying within the bounds of fiscal prudence. The Budget sticks to the commitment made under the FRBM Act by keeping the fiscal deficit target at 3.5% of GDP for FY17 after having achieved the target of 3.9% in FY16.
The overall budgetary arithmetic also looks credible. Barring a few heads, such as disinvestment and income tax, most other targets are set realistically.
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