<b>Andrew Holland:</b> Markets enjoying lack of negatives in Budget

Expert take on Budget 2017

There is nothing ground breaking, but there is nothing negative either. There is nothing that’s bad about this budget. That’s the reason why the markets saw a huge rally post the budget proposals were unveiled. There consistency on the affordable housing which is a key positive. 

On the taxation front, I don’t see any big increase in anyone’s pay packet. On the contrary, those earning above Rs 50 lakh will pay an additional 10% surcharge. In a nutshell, the budget proposals have been a continuation of the policies that the government has followed over the years – i.e. spend on