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Budget 2016: Focus on rural economy will help rekindle demand, says Abhishek Lodha of Lodha Group

Posted by BrickAcres on March 1, 2016
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Budget 2016’s focus on rural economy will help rekindle demand in
rural India and enable stronger, more sustainable economic growth
for the entire country, says Abhishek Lodha, Managing Director of
Lodha Group.

“It is a thoughtful Budget, which has taken into account
realities of global and Indian conditions. The focus on rural
economy will help rekindle demand in rural India and enable
stronger, more sustainable economic growth for the entire country.
At the same time, the finance minister’s idea to retain a fiscal
deficit target of 3.5% is commendable. It will not only enhance
India’s credibility amongst the global investor community but also
open doors for the RBI to consider lowering interest rates,” he
says

“The focus on affordable housing will give much-needed impetus to
develop greater number of affordable housing projects across the
country, thus, directly aligning the agenda with the prime
minister’s vision of ‘Housing for All’. Increasing the limits on
interest deduction on homes costing less than Rs 50 lakh and
removing the Dividend Distribution Tax on REITs, both are welcome
measures which will help boost the attractiveness of India’s
housing sector.”

Read more at:
http://economictimes.indiatimes.com/articleshowsp/51193462.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

“We welcome the Budget and think that it will pave the way for
India to continue being the fastest growing major economy in the
world.”

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