economic status after budget of india

March 16, 2008 12:57pm CST
hello friends what do you thnk about the endian economy . where it will go after p. chidambarum announced the budget of india .. what do think it will helpfull for common man or buznees companys..? and is it a stratugy of congress govt to earn popularity in public for votes ..? please give ur valuable contribution . JAI HIND.........
1 response
@balasri (26553)
• India
22 Mar 08
Budget 2008 focuses on increasing the purchasing power of the common man to grow the economy by driving consumption. It brings down costs for the large number of people at the bottom of the pyramid. The good news is that the tax rates are not likely to increase in the coming years. The increasing consumption would bolster the tax to GDP ratio and Governments will not have to hike tax rates to grow revenues.