Thursday, March 06, 2025 | 10:46 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Budget 2018's focus on pump-priming the economy should calm investor nerves

The immediate adverse impact of LTCG tax would be contained due to the grandfathering clause

Jaitley
Premium

Union Finance Minister Arun Jaitley during a press conference after Union Budget 2018-19 presentation, in New Delhi (Photo: PTI)

Nilesh Shah
The Union Budget has focussed on pump-priming the economy at the cost of some fiscal discipline in the short term. However, albeit at a slower pace than earlier projected, it commits to glide path of the lower fiscal deficit in the medium term. While the fiscal deficit target of 3.3% of GDP for FY19 is higher than expectations, the budget also talks of limiting it to 3% by FY21. The budget also talked about limiting Central Government Debt to GDP to 40% over the medium term. These intentions should calm the nerves of rating agencies and investors reasonably well.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in