Budget Reactions from Dr. Ashok Haldia, MD & CEO, PFS (PTC India Financial Services Ltd.) :
Great Positive for Infrastructure Sector
The Budget rightly focuses on the rural and infrastructure growth, which are the backbone of Indian economy. 50 percent higher spend on the infrastructure sector will reboot the demand -economic wide, and create jobs through multiplier effect that is a big concern for everyone. This would as well raise demand for funds and funding opportunities for existing projects under stress or stalled or under implementation and new projects. We can expect increase in the demand of finance and fund raising opportunities. Permitting investment in ‘A’ rated bonds would boost fund raising options particularly for infrastructure projects . Focus on schemes, such Saubhagya Yojna for Power for All coupled with impetus on rural spending all together would generate electricity demand. Installation of rooftop solar under smart city projects would further boost achievement of 175 GW renewable energy mission.
Overall, the Budget is inclusive in nature and shot in arm for infrastructure growth.
