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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