The finance minister has presented a growth oriented budget with long term benefits to all sections of society. Focus on key areas like investment in infrastructure, increasing urban housing with a roof for each family by 2022 & listing of REIT’s are positives for the realty sector. Additionally, implementation of GST by April 2016 & reduction in corporate tax in a phased manner are measures which should drive the key sectors of the economy. With a projected GDP growth of 8%-8.5% in the coming fiscal, the government seems poised to usher in a new growth era for the Indian economy.
