NEW DELHI (INDIA): India’s Finance Minister Arun Jaitley is all set to present the Union Budget for 2017-18 on 1st February.This would be his third full-year Budget. So all eyeballs on his briefcase, what Jaitley is going to present for India.
Lets go through M3M Group’s pre-budget expectations from Jaitley.
“Budget 2017 will be keenly watched for varied reasons. The overall economic conditions at present are sluggish and needs a booster dose of tax incentives to drive economy back on track. People have lot of expectation from current government and timely rationalization measures will encourage people to adopt digitization, declare higher income and move towards cashless and transparent economy. From the Real Estate perspective, a tax-friendly budget, an increased capital base complemented by recently announced interest rate cuts means growth as it will trigger consumption demand in a big way. This high purchasing power will result in people opting for real estate as an avenue for returns, as interest rates on deposits are expected to decrease thus making them less lucrative.”
Pankaj Bansal, Director M3M Group