00:00The budget is a very growth oriented budget.
00:02There is no further trouble in the government or constant.
00:07There is no more population or population measures.
00:10It will be a tough budget, but it will be a growth oriented budget.
00:13This is our expectation.
00:14A lot of new things can be done in this budget.
00:16It's an opportunity when the country is ready to go to become the third largest economy of the world.
00:24The government needs to work on that line.
00:27There is a very big decision.
00:28Free trade agreements signed with the European countries.
00:31The government is working hard to absorb the Trump effect.
00:34I think a lot of new measures should be there.
00:36Some measures can come into the budget format.
00:41Income tax, it affects the higher class taxpayers and corporates.
00:47Now, the measures could be avoided, so the corporates should be left with more money for capex investment.
00:52Or the PLA scheme of new measures will come to boost up the domestic investment and domestic consumption also.
01:00We expect some measures to overcome this Trump effect.
01:05Domestic investment still has a lot of effect.
01:08Yes, of course.
01:10In days to come, we will have the effect of those also for domestic consumption.
01:15From my budget, I think the biggest focus of capital investment is going to happen.
01:22I don't think it's going to be $12,000, but if it's income, it doesn't happen to taxpayers.
01:28These are measures that increase domestic consumption.
01:32I think it will take a little time to get the effect of domestic consumption.
01:36And in days to come, we will have the effect of those also for domestic consumption.
01:41From my budget, I think the biggest focus should be on capital investment.
01:46Foreign direct investment or industry expansion.
01:51Because the government has done something for consumption.
01:55Taxation limits etc.
01:58But there is no growth in the industry.
02:01There is no capital or foreign investment.
02:04Because there is a lot of uncertainty.
02:07So, I think it should be focused on that.
02:10How does the capital inflow come?
02:12How does the foreign investment come in India?
02:15What should you think?
02:17The capital flow comes from two ways.
02:20One of the things that we have started, we need to improve the capital market.
02:27We need to improve the capital market.
02:29We need to improve the capital gains tax.
02:31We have increased the capital gains tax.
02:33After that, if you can see, the return of the market is negative.
02:36In the last 14-15 months.
02:38The FII holding is all-time low.
02:40The FII's and the FII, we need to improve the capital gains tax.
02:47The FII through the capital gains tax.
02:49The FII is all-time low.
02:51We need to improve the capital gains tax.
02:53We need to improve the capital gains tax.
02:55If I take my IPO and the environment is not good for me, then I won't get my IPO response as much as I want to get my IPO.
03:08And if foreigners are going to sell money, then the dollar will get outflow from our rupees.
03:14Today we are coming to 91 rupees.
03:17Why do we need to stop this?
03:20If the new inflow is coming from our capital markets, then the dollar will get outflow.
03:27If the dollar will get outflow from our rupees and the dollar will get outflow from our prices, then the biggest problem is that we have to import.
03:34We have to import the oil and the dollar will get higher.
03:36The dollar will also increase the oil and the dollar will also increase the oil.
03:39We need to import this.
03:41We will not manage this.
03:43Therefore, the other thing is constraint.
03:45If government costs more oil imports, then the government will earn the rest of the money.
03:51So, government should also earn the money.
03:54And foreign investment should also earn the money.
03:56If people want to earn the industry, government will have to reduce their money.
04:00I think that overall capital expenditure or investment should be focused on the budget.
04:08I hope that we will talk about GST, which is the biggest effect on government.
04:15The government has a GST 2.0 reform.
04:20There are many expectations that the government will change and change.
04:27But in the public, there are still doubts.
04:31Inverted duty structure, the rate has reduced money,
04:35since the government has no question about that.
04:38It is possible to say that it is possible to leave a solution.
04:42There are many decisions in government assets,
04:45but the government has no statement.
04:47Which costs less than the GST,
04:49because of the land change in government hearings.
04:52If the government has no issue,
04:55the government has a legal initiative for the land.
04:58But the government is not in a legal division.
05:00and we have to consider some of the things like procedural lapses.
05:05In this way, we expect a lot of reform in the government.
05:09We expect a lot of reform in the public and MSME.
05:12What do MSME do you perform?
05:15MSME is very good.
05:17MSME is an Indian middle class.
05:19It is a business middle class segment.
05:21It is a medium and small enterprises.
05:24They perform quite well.
05:2630% of government's GDP is contributing.
05:29But still, the benefits that we need to get there,
05:33is not going to go there.
05:34The government needs to be aggressive.
05:37So MSME is growing.
05:39MSME is growing on the last scale and the country is growing.
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