The Budget-2013 seems to be damp squib.
There has been no effort to bring the rate of interest in order to stimulate the economy because unless the rate of interest comes down there will be no growth. It is not possible to compete with other economies enjoying 1-2 %interest when we are paying 14-15% interest.
There has been no effort to stimulate the economy which is already facing a slowdown.
An effort could have been made by giving some exemption based on Investment in Housing which would have created demand in Iron and steel,cement and other building material sectors which are the key drivers of Economy.
O P Bagla & Co LLP
New Delhi
CA Inter
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SKAA & Associates
New Delhi
CA Inter
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