India Budget 2018
The Union budget 2018 reinforces Government’s intention to improve the rural economy by boosting credit and investment in the farming sector. Since the measures taken are mostly structural in nature, right implementation will eventually grow the rural economy and benefit both real economy as well as the Street.
The return of Long Term Capital Gain Tax (LCGT), which was not entirely unexpected, but may not be seen as a welcome move particularly by the high-value investors. There is a fear that this might vitiate the investment environment in the short term.
Aniruddha Chatterjee is the Head- Buy-side business of Thomson Reuters, South Asia.