Budget reaction 2013: JCB India
The Finance Minister has rolled out a well-balanced and realistic budget. He has taken steps which will help him deliver on his promise to contain the fiscal deficit to 4.8 per cent for 2013-14, though the maths is still to be seen. Emphasis on infrastructure sector viz credit enhancement by IIFCL, PMGSY and award of 3000 km road projects, building of new ports at Sagar and one in Tamil Nadu, focus on a Chennai-Bangalore and Mumbai-Bangalore industrial corridor and introduction of Investment allowance should help revive the investment cycle in the country which would definitely add to growth. The key, however, lies in expediting the execution of infrastructure projects and we hope that cabinet committee on investment (CCI) would help achieve this objective."