ElectroMech [Apr 2012]

Overall, a tepid budget with no big-bang measures that ensure the promised high growth trajectory that India has been waiting for patiently for the past couple of years. Although it has been promised that the GST will be effective in August 2012, it should not eventually turn out to be another failed promise as has happened in the past. One good development is allowing of ECB in sectors like road construction and the target for highways development in FY13. This coupled with increase in the tax free infrastructure bond allocation to Rs.60,000 crore will definitely help in spurring some growth in the infrastructure sector-Tushar Mehendale, Managing Director, ElectroMech

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