Interim Budget 2019: What parts of the MSME sector’s wish-list were delivered

Focus must now be on relentless implementation of the reforms announced in the Interim Budget.

The Interim Budget was not spectacular, was populist and aimed to spur consumption that, in turn, would boost the private investment cycle in MSMEs.

Following three years of prudence and long-term measures, the government could not reach the fiscal deficit target in fiscal 2018 or 2019. For fiscal 2020 this time on, the Interim Budget has chalked out fiscal deficit at 3.4 per cent of GDP, which is 30 basis points (bps) more than envisaged under the Fiscal Responsibility and Budget Management (FRBM) Act.

What was delivered for the Indian MSME sector:

Interim budget 2019

Interim budget 2019

Reactions from the sector:

interim budget 2019

interim budget 2019

interim budget 2019

interim budget 2019

interim budget 2019

interim budget 2019

interim budget 2019

interim budget 2019

 

 

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