s. rajendran, chief marketing officer, acer india
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S. Rajendran, Chief Marketing Officer, Acer India S. Rajendran, Chief Marketing Officer, Acer India The interim budget presented by the Finance Minister today, aims to breathe life into investment and consumer spending. It is a positive budget, where the fiscal deficit target in FY 2013-14 is at 4.6 percent, excise duty rates have been lowered from 12 percent to 8 percent for some sectors, and fiscal rationalization is expected to remain on track into FY 2014-15. S. Rajendran, Chief Marketing Officer, Acer India says that India’s current account deficit (CAD) is expected to be contained at $45 billion this financial year, well below the record high level of 2012-13. The budgetary allocation to the banking sector is encouraging news. . "Targeted at providing further stimulus to consumer buying, the government has reduced factory gate tax to 10 percent from 12 percent on consumer durables and capital goods. We expect this move to translate into buoyant consumer sentiments. Overall, we expect the consumer buying to turn positive through a perked-up purchase of consumer goods including IT products. However, we will have to wait till the new Government is formed to get better clarity."TRANSCRIPT
