The budget may be good for the agriculture and the IT industries, but will lead the rest of the industry into trouble in the next three to four years. The kind of policies that have been announced will take both the small scale and the automobile sectors into doldrums. All small-scale industries in the Pune region that are now struggling will have to close down. The decision to allow second hand cars is not a wise one, despite the heavy imposition of duty.
Prices can be under invoiced and vehicles brought in.
That will stifle the auto sector. I welcome extension of tax holiday to infrastructure and further benefits to grain storage and handling related construction activities. These incentives will give a boost to the development of infrastructure and reforming grain trade. This industry should have been brought on par with infrastructure or IT industry. For a primarily agricultural country like ours this would have larger benefits.