CNBC-TV18 along with Synovate was looking to understand the mood of the economy by a nation wide poll in a special show ‘Voice of the Economy’ hosted by Shereen Bhan.
The poll, which covered 23 distinct areas of traditional budgetary importance and was put to CEOs of companies with a turnover exceeding Rs 50 crores, stock brokers, commodity traders, retail investors, corporate executives, small business owners and entrepreneurs across 7 centres in India.
Budget 2011 promises to be one of sweeping changes, most of them aimed at reining in runaway prices, reducing fiscal deficit, and boosting the economy through a range of means - from higher social spending to a review of the ban on multi-brand retail to bolstering infrastructure investment. That's the sense one gets from a pre-budget opinion poll.
A rollback of fiscal stimulus measures may be inevitable, with 60 percent of the respondents saying the Finance Minister would take that crucial step. At the same time, 67 percent of the respondents believe the battle against food inflation will grab his attention. Measures to reduce fiscal deficit are also widely expected, as are incentives to boost infrastructure financing and changes to tax rates to set the stage for the implementation of GST and DTC, and a higher disinvestment target.
However, the respondents were a little more wary of committing the Finance Minister to certain steps. Case in point: would the FM allow for higher compensation for states to break GST bottlenecks, or whether he would move to lift the ban on multi-brand retail. In both cases, the ayes overwhelmed the nays by a poor margin.
For more details catch this CNBC-TV18 special on-air this weekend.
About CNBC-TV18:
CNBC-TV 18 is India's No.1 business medium and the undisputed leader in business news. Its leadership epitomizes the fact that India means business. It delivers quality and involved audiences that comprise a comprehensive viewership base greater than similar offerings in the business space across all media. The channel's benchmark coverage extends from corporate news, financial markets coverage, expert perspective on investing and management to industry verticals and beyond. CNBC-TV18 has been constantly innovating with new genres of programming that helps make business more relevant to different constituencies across the country. CNBC-TV18 is currently available in over 30 million households in India.
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