Budget 2013: Biz honchos react
H.M. Bharuka, Managing Director, Kansai Nerolac
“There was nothing exciting in the budget but it`s not a populist one which is good. What remains to be seen is how the own to 4.8 percent when planned expenditure has been increased by 30 percent and that I think is the most important part,” said the MD of Nerolac.
"The other bit is he has increased expenditure in rural markets so overall consumer spending should not be affected in the coming year. The consumer industry will also cheer the development on the GST front. The finance minister indicated that there has been some consensus that has emerged on the issue and that it will get passed in the near future,” he added.
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