Rakesh Jhunjhunwala scored 10 out of 10 for the Union Government budget
Veteran investor Rakesh Jhunjhunwala has given 10 out of 10 points to the Finance Minister’s Budget (FM nirmala sitharaman), he said that this budget has been liked by the market. With this, the country will be taken on the path of double digit growth (Budget 2021).
- February 2, 2021, 5:58 PM IST
He said, there is more in this budget than we understand. It is a realistic budget that can transform India. In this, some special steps have been taken to give a boost to all sectors of the country.
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Congratulations to the Prime Minister for the budgetApart from this, Jhunjhunwala said that the Indian government has always been taking bold decisions. This time the country can overtake China even in the next 25 years due to the decisions taken in the budget. He congratulated both the country’s Finance Minister and Prime Minister Modi for this growth-oriented budget.
This time the changes are very clear
He said, this budget has cleared the change in the policies of the government that the government is ready to take any step for economic growth.
Market will accelerate
Talking about the market, Rakesh Jhunjhunwala said that the market will also remain bullish, which will benefit investors. Apart from this, the Fiscal Deficit of the government in the next financial year can be between 6% to 6.5% of the country’s GDP.
Also read: Budget 2021 is getting favorable to the market! Sensex jumped to near 50 thousand, investors earned 4.4 lakh crore
There will be tremendous growth in economy
Apart from this, while talking about tax, it said that there will be an increase in tax collection also, so that the fiscal deficit can also be kept within the scope. Rakesh Jhunjhunwala hoped that the growth rate could be 1% in the last quarter of this financial year, after which the economy of the country will gain tremendous momentum.