Friday, February 29, 2008
Budget 08 - Who is the winner?
There has been a large number of views on the Budget 08. Most of the views from the Inc and the common people has nothing great to worry, as this is a election year budget. The clear winner for this year's budget is going to be the Indian middle income class people and the farmers who are in so-called losses. There are so many resons for the middle income people to feel relaxed. After all they are the boosters of the consumer spending in the economy. The income tax slabs modifications, particularly for those who are in 3-5 lakhs is going to help them to spend 3-4k per months thus increasing their spending. Also some reductions in taxes for small cars is also going to help them a lot. And with respect to farmers, the FM clearly made a googly thus making this budget a 'successful' 'populist' budget.
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