By IANS,
New Delhi : Following are the reactions from some prominent industrialists and economists to the interim budget presented by acting finance minister Pranab Mukherjee here Monday:
Deepak Parekh, chairman, HDFC Bank: Not a disappointment, I did not expect anything in the interim budget. It was never meant to be a giveaway. Interim budget is only an exercise of stating accounts.
Pradeep Jain, chairman of Parasvnath Developers: It’s a non-event for the corporate world. The interim budget is merely a populist budget.
Sajjan Jindal, vice-chairman and managing director of JSW Steel: I was not expecting much from this. For the next two-three months, we are going to have a policy freeze but monetary policies will address some factors like interest rates.
Dalip Kumar, manager (projects) at National Council for Applied Economic Research: How are they going to maintain the economic growth…these are political statements.
D.K. Joshi, principal economist credit rating agency Crisil: The interim budget shows huge pressure on expenditures. Fiscal correction will have to wait.