Budget ‘09 to focus on infra, agri, divestment: Hero Honda
June 30th, 2009
Pawan Munjal, Managing Director, Hero Honda, said the industry was hoping for a boost to the economy as well as demand generation in the forthcoming Budget. Munjal expects increased focus on infrastructure; agricultural growth, which would in turn boost two-wheeler demand, and divestment in the Budget. “There is an urgent need for public sector divestment in order to fund government spending.”
This Budget is going to be a tough one for the Finance Minister, he said, adding, “The FM has to strike a very good balance between fiscal prudence, carrying on the stimuli that was provided to the economy to generate demand, and carrying the economy forward to improve the gross domestic product.”