India Budget Review
Here are two opinions on the recently announced Indian budget: one from Morgan Stanley, another from Ajay Shah.
Morgan Stanley believes that the budget “largely focused on addressing the political challenges of rising inequality, redistribution of wealth and meeting the needs of the lower and middle-income populatio.” More importantly, if you believe in tax collections as a key economic indicator, MS points out that the budget forecasts a slowdown in tax collection growth to 17% in F2008 from 28% recorded in the previous year — with corporate tax collection growth expected to decelerate to 15% from 45% in F2007.
Ajay offers a more detailed analysis: he even created a spreadsheet to compare the last three budgets.
I think this is it for budget-related posts. Check back in a year 
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