This budget according to us is a good one as it has benefited in both ways directly and indirectly. After some months or an year when these budget will get into work will boom the market for sure and also it will have a great impact on economy.
Further, when I move to the BANKING SECTOR I would like to say that government has focused on NBFC’s by providing loans which which will generate ‘EMPLOYMENT’ and when employment will increase CRIME RATES will decrease significantly and also it will affect the ECONOMY.
Government is supporting NBFC’S in this budget WHICH WILL COVER REMOTE areas of the country and will fasten the rate of employment generation, unemployed people can take the advantage of loans in order to START UP a BUSINESS ‘ENTREPRENEURSHIP’. New businesses will flourish in this new year i.e 2020.
The pharma sector has been little worrisome for the patients as price of many of the pharmaceutical equipment has been hiked by the government but as the government has promised under MAKE IN INDIA IT WILL promote the production of new Pharmaceutical Equipments which will FURTHER DECREASE their price in latent phase. Pharmaceutical companies, will boom as the budget has been in their favour another big movement taken by the government for Farmers and Agricultural Sectors which will enhance the productivity of agricultural goods and will create sparking effect on GDP. We can also see quality budget ON THE INFRASTRUCTURAL BOUNDRY as it has been significantly increased which will help on the infrastructure front and help in the ‘Dream project’ of the government in building of ‘SMART CITIES’ which the government has nurtured as of now. Common people and MIDDLE CLASS group should watch the BUDGET MINUTELY before getting into any kind of conclusion as it has benefited them in many ‘INDIRECT WAYS’ .
The GOVERNMENT has taken BIG STEPS BY LAUNCHING EXPORT PROMOTION CENTRE will for sure ENHANCE THE Maketing Of OUR homely products under ‘MAKE IN INDIA’ , MSME SECTORS WHICH IF CONVERTS INTO BIG INDUSTRIES LATER WILL HUGELY BENEFIT THE COUNTRY AND WILL MAKE IT LEAD INTO HUGE DEVELOPMENT.
If we talk about the comparison between ‘MSME AND BIG INDUSTRIES’ we come into the CONCLUSION that MSME’s has been benefited by the government which if convert to BIG INDUSTRIES Later also clearly shows us that it has Higher Impact on ‘GDP’ than Big industries. The focus here on the MSME SECTORS WILL SURELY BOOM THE MARKET in the coming time also it will BOOST THE GDP.