Union Budget 2018-19 is an investment friendly Budget: Pankaj Pandey

On the infrastructure front, the government has set an ambitious plan of annual infra spend of Rs 20 lakh crore per annum versus the present run rate of Rs 7-8 lakh crore per annum

The Union Budget 2019-20 is an “investment friendly budget” wherein long-term plan for attaining $5 trillion GDP by 2025 has been laid out to create a conducive ecosystem with focus on overall demand creation, raising intellectual and financial capital and labour. The shift from traditional template of focussing more on headline revenue and expenditure segment to a segmental detailed plan of action is a welcome change. Few of the key positives were containing fiscal deficit target to 3.3 per cent of GDP (vs. 3.4 per cent built in the interim budget) and the much-needed higher recapitalisation allocation of Rs 70,000