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Feb
13,2019

Budget kept its focus on rural, SMEs and middle-class households

Navneet Munot, CIO SBI Mutual Fund

 

 

From The CIO's Desk

 
 

Union budget for FY 2019-20 was staged against the backdrop of compulsions of pre-election spending but a challenging revenue situation, primarily emanating from the shortfall in GST collection. Deflation in food prices and mounting agriculture debt have highlighted the accentuating farm distress. Further, the thrust on infrastructure spending over the last few years (particularly on road, railways, housing, urban development) had just started to bear some result. The capacity utilization for so...

February
2019