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Budget 2019 lacks big-bang surprise; bank recap is a lost opportunity

The budget will not drastically change the weightage of foreign investors as regards to India. They will continue on the same path set earlier, he said.

Topics
budget 2019 | Union Budget 2019

Andrew Holland 



Finance Minister Nirmala Sitharaman and MoS Anurag Thakur arrive at Parliament to present the Union Budget 2019-20 | Photo: PTI
Finance Minister Nirmala Sitharaman and MoS Anurag Thakur arrive at Parliament to present the Union Budget 2019-20 | Photo: PTI

I don’t think the Budget proposals have an element of a big-bang surprise. That said, there is a bit of positive for the non-bank finance companies (NBFCs), but nothing that is making me too excited. The divestment figure of Rs 1.05 trillion is quite huge and is a lot of stock to be sold via this route in financial year 2019 – 20 (FY20).

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First Published: Fri, July 05 2019. 15:59 IST

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