Fairval

Notes on Indian equities, sectors and economy

Budget did little for infra..

Posted by fairval on March 27, 2012

Vinayak Chatterjee’s article on Budget support for the infra sector is a good read. He points out that —

It is also the first year of the 12th Five-Year Plan and the anticipation was that the Budget would make some path-breaking announcements that would support, institutionally and otherwise, putting on the ground $200 billion of infra every year for the next five years — double the current run rate.

He says the budget did a bit, but not enuf. For ex, there was hardly anything for the power sector, the biggest bottleneck in Indian infra today.

The full artilce — The Budget and failed expectations

 

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