The Indian economy has been in the thick of action in recent years. Robust GDP growth, healthy tax collections,strong savings and investment pattern and fiscal prudence have been the key drivers of India’s economic prosperity in the last few years.

We expect the Finance Minister to continue to support this and make the Policy environment more conducive for
the sustainability of these drivers. Also, the Budget would continue its social agenda and take measures to make
India’s growth more inclusive and balanced. We expect Agriculture, Rural Development, Employment generation,
Education, Public Health Services and Infrastructure improvement to be at the top of the FM’s priority list. While
some tinkering with tax proposals cannot be ruled out so that the effective tax burden is lowered considering that
Elections are due in 2009, we expect the FM to keep a close eye on the fiscal position of the country.
However, considering that the FM is expected to play a balancing act in this year’s Budget, we believe that not
much would change post the Budget in terms of the outlook towards India and its policies and expect the global
focus on India to continue in the medium-to-long term.

Click here to read the complete Union Budget 2008-2009 A Report By Angel Broking.

For more information about this report, stock market investment advice or for online share trading in India inquiry kindly contact sales@angeltrade.com / 022 – 40003630 or logon to www.angeltrade.com/