In this budget, I think the impetus on rural infrastructure, focus on digital India and increase in funds allocated for education and healthcare among others are steps in the right direction. It is no secret that India is a supply constraint market, and can’t achieve its growth targets unless structural improvement are made to increase supply of goods and services. The lack of proper infrastructure is the main impediment in bringing efficiency and scale in the supply of goods and services. And I believe the budget has addressed most of these concerns keeping long term goals in mind.
From this budget it is also evident that GST has made the life easier for companies, particularly e-Commerce companies with a significant cross-border activity. The added tax payers from the GST Implementation is another indication of its success that was announced in this budget. Many companies are beginning to streamline and simplify backend logistic infrastructure which bring efficiency in supply of goods and services. While there had been many early problems its implementation, Government has taken what software companies call “agile approach”. They launched the programs proactively and are continuing to refine it based on the market feedback. The budget is a forward looking one, keeping growth in mind.