{"id":6858,"date":"2015-03-03T10:38:15","date_gmt":"2015-03-03T05:08:15","guid":{"rendered":"https:\/\/blog.fundsindia.com\/blog\/?p=6858"},"modified":"2019-06-06T19:21:38","modified_gmt":"2019-06-06T13:51:38","slug":"budget-2015-and-the-economy","status":"publish","type":"post","link":"https:\/\/fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858","title":{"rendered":"Budget 2015 and the economy"},"content":{"rendered":"

What do we like about Budget 2015? We like it for its focus on reviving growth over fiscal consolidation; we like it for its decentralised approach to growth (by sharing more revenue with states); we like the pragmatic estimates of revenue and the productive spending budgeted; we also like the attempt to bring money lying unutilised and bring to books money not disclosed.<\/p>\n\"economy\"<\/a>\n

What does disappoint us is the lack of big-bang projects or reforms that can be a shot in the arm for a sagging economy. Perhaps that is for the better. For if there are no big projects, there could be risk of failed implementation!<\/p>\n

What the budget aims, in spirit at least, appears to be a bid to improve governance, facilitate smooth delivery and provide a framework for efficiency in operations\/implementation. To this extent, yes, it fails to take risk, fails to create a new idea and just hopes to be a facilitator for growth.<\/p>\n

Here are some of the macro-economic aspects on the budget we\u2019d like to highlight.
\n– Fiscal consolidation<\/strong> delayed a bit in order to revive economy with pro-cyclical public spending. Quality of spending good as it is expected to go into productive assets
\n– Implementation of recommendations of 14th Finance Commission<\/strong> means moving from centrally planned form of growth to one driven by state level imperatives. If used productively, higher spending by state to drive a bottom-up driven growth in nation
\n– Higher allocation<\/strong> towards capex \u2013 Rs 70,000 crore of public spending and Rs 80,000 crore through PSU capex to act as a precedent for private spending
\n– Simplification of direct tax<\/strong> regime (corporate taxes) and indirect taxes (move to GST) to lead to companies becoming more efficient and competitive over time
\n– Decision to introduce bill to tackle black money <\/strong>to help improve nation\u2019s tax-GDP ratio over the long term
\n– Deferring General Anti Avoidance Rules<\/strong> (GAAR) and simplification of taxation and entry for foreign investors to improve inflows.<\/p>\n

Open<\/span> a FREE Account Now! <\/span><\/a><\/div>\n

Read about what the budget holds for investors<\/a> and for different sectors<\/a> in our blog.<\/p>\n","protected":false},"excerpt":{"rendered":"

What do we like about Budget 2015? We like it for its focus on reviving growth over fiscal consolidation; we like it for its decentralised approach to growth (by sharing more revenue with states); we like the pragmatic estimates of revenue and the productive spending budgeted; we also like the attempt to bring money lying […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[90,108],"yoast_head":"\nBudget 2015 and the economy<\/title>\n<meta name=\"description\" content=\"Budget 2015 focuses on reviving growth over fiscal consolidation\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Budget 2015 and the economy\" \/>\n<meta property=\"og:description\" content=\"Budget 2015 focuses on reviving growth over fiscal consolidation\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858\" \/>\n<meta property=\"og:site_name\" content=\"Insights\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/fundsindia\" \/>\n<meta property=\"article:published_time\" content=\"2015-03-03T05:08:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-06-06T13:51:38+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vidya Bala\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\",\"name\":\"Wealth India Financial Services\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"sameAs\":[\"https:\/\/www.facebook.com\/fundsindia\"],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg\",\"width\":189,\"height\":200,\"caption\":\"Wealth India Financial Services\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/\",\"name\":\"Insights\",\"description\":\"Official blog of FundsIndia.com\",\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg\",\"contentUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage\",\"url\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858\",\"name\":\"Budget 2015 and the economy\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage\"},\"datePublished\":\"2015-03-03T05:08:15+00:00\",\"dateModified\":\"2019-06-06T13:51:38+00:00\",\"description\":\"Budget 2015 focuses on reviving growth over fiscal consolidation\",\"breadcrumb\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.fundsindia.com\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Budget 2015 and the economy\"}]},{\"@type\":\"Article\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage\"},\"author\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\"},\"headline\":\"Budget 2015 and the economy\",\"datePublished\":\"2015-03-03T05:08:15+00:00\",\"dateModified\":\"2019-06-06T13:51:38+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage\"},\"wordCount\":351,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg\",\"keywords\":[\"budget\",\"equity market\"],\"articleSection\":[\"Mutual funds\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#respond\"]}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f\",\"name\":\"Vidya Bala\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.fundsindia.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g\",\"caption\":\"Vidya Bala\"},\"description\":\"Vidya Bala was the Head of Mutual Fund Research at FundsIndia\",\"url\":\"https:\/\/fundsindia.com\/blog\/author\/vidya\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Budget 2015 and the economy","description":"Budget 2015 focuses on reviving growth over fiscal consolidation","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858","og_locale":"en_US","og_type":"article","og_title":"Budget 2015 and the economy","og_description":"Budget 2015 focuses on reviving growth over fiscal consolidation","og_url":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858","og_site_name":"Insights","article_publisher":"https:\/\/www.facebook.com\/fundsindia","article_published_time":"2015-03-03T05:08:15+00:00","article_modified_time":"2019-06-06T13:51:38+00:00","og_image":[{"url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg"}],"twitter_misc":{"Written by":"Vidya Bala","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Organization","@id":"https:\/\/www.fundsindia.com\/blog\/#organization","name":"Wealth India Financial Services","url":"https:\/\/www.fundsindia.com\/blog\/","sameAs":["https:\/\/www.facebook.com\/fundsindia"],"logo":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#logo","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2018\/07\/download.jpeg","width":189,"height":200,"caption":"Wealth India Financial Services"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/#logo"}},{"@type":"WebSite","@id":"https:\/\/www.fundsindia.com\/blog\/#website","url":"https:\/\/www.fundsindia.com\/blog\/","name":"Insights","description":"Official blog of FundsIndia.com","publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.fundsindia.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage","inLanguage":"en-US","url":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg","contentUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg"},{"@type":"WebPage","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage","url":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858","name":"Budget 2015 and the economy","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage"},"datePublished":"2015-03-03T05:08:15+00:00","dateModified":"2019-06-06T13:51:38+00:00","description":"Budget 2015 focuses on reviving growth over fiscal consolidation","breadcrumb":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.fundsindia.com\/blog"},{"@type":"ListItem","position":2,"name":"Budget 2015 and the economy"}]},{"@type":"Article","@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#article","isPartOf":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage"},"author":{"@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f"},"headline":"Budget 2015 and the economy","datePublished":"2015-03-03T05:08:15+00:00","dateModified":"2019-06-06T13:51:38+00:00","mainEntityOfPage":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#webpage"},"wordCount":351,"commentCount":0,"publisher":{"@id":"https:\/\/www.fundsindia.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#primaryimage"},"thumbnailUrl":"https:\/\/www.fundsindia.com\/blog\/wp-content\/uploads\/2015\/03\/economy-300x207.jpg","keywords":["budget","equity market"],"articleSection":["Mutual funds"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.fundsindia.com\/blog\/mf-research\/mutual-funds\/budget-2015-and-the-economy\/6858#respond"]}]},{"@type":"Person","@id":"https:\/\/www.fundsindia.com\/blog\/#\/schema\/person\/df1dc8f3401fa98a77f0d8b37e16672f","name":"Vidya Bala","image":{"@type":"ImageObject","@id":"https:\/\/www.fundsindia.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b257b1d190fbf32283cd07571efd1426?s=96&d=mm&r=g","caption":"Vidya Bala"},"description":"Vidya Bala was the Head of Mutual Fund Research at FundsIndia","url":"https:\/\/fundsindia.com\/blog\/author\/vidya"}]}},"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/6858"}],"collection":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/comments?post=6858"}],"version-history":[{"count":7,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/6858\/revisions"}],"predecessor-version":[{"id":15454,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/posts\/6858\/revisions\/15454"}],"wp:attachment":[{"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/media?parent=6858"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/categories?post=6858"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fundsindia.com\/blog\/wp-json\/wp\/v2\/tags?post=6858"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}