D&B Union Budget Impact Analysis
Dun &Bradstreet India presents an impact analysis of the Union Budget 2016-17 on the overall macro-economy and around 21 major sectors and has assigned ratings based on the likely impact of the announcements on each individual sector. This can be a useful guide for decision makers to plan their business activities for the forthcoming months
“In the backdrop of the prevailing domestic and global economic scenario, the Government has delivered a well-balanced Budget that has adhered to the fiscal consolidation roadmap without compromising on the development agenda. This should provide comfort to investors from the macro-stability perspective. Moreover, the Rs 2.18 trillion outlay on roads and railways, along with initiatives in the housing, construction and the electricity sector is a great positive for the infrastructure sector. There have been, however, areas which have caused certain disappointment such as the Rs 250 bn towards recapitalisation of public sector banks - which seems a tad inadequate - and the return of the dividend distribution tax. That said, a number of systemic interventions is what sets this budget apart. Measures such as a one-time scheme for dispute resolution for pending retrospective tax amendment case, the bill to amend Companies Act, proposed introduction of the bankruptcy code, focus of digital economy are significant moves that could go a long way in improving the ease of doing business in India. Overall, agriculture, infrastructure, social & rural sector and small Entrepreneurs are the largest beneficiaries of this Budget. The strong accent on rural sector is a significant move that is aimed at reviving rural consumer demand.”
At the backdrop of the headwinds both on the global and domestic front, the government tried to address a wider spectrum keeping its commitment to stick to the fiscal deficit target. The budget has placed a significant thrust on rural infrastructure, given the subdued rural demand was a major drag to overall consumption in recent years. Moreover, the Rs 2.18 trillion outlay on roads and railways, along with initiatives in the housing & construction and the electricity sector is a great positive for the infrastructure sector. Assurance for a revival in PPP projects, digitization measures such as land records & automation of Fair Price Shops, choice for small and medium shops to remain open on all seven days of the week, opening up the road transport sector in the passenger segment - the budget has doled out numerous administrative and execution related initiatives, which are highly commendable. Bringing about a market led transformation in a democratic setup has never been an easy path to stride. The current budget even though bereft of big bang announcements is focused and target oriented outlying small steps to support the long term growth of the economy.

D&B's Union Budget Impact Analysis

One of the most sought-after post-budget analysis publications in India

At Dun & Bradstreet India (D&B), we have been tracking the country’s economic progress over last 20 years. India, considered as a bright spot and the fastest growing economy among the major nations, is not without its own challenges. The space and strength of India’s recovery is still uncertain amidst a weak global economy, which is weakening further. How the government maneuvers its finances to boost growth and undertake its structural reforms while restraining inflationary pressures and anchoring the fiscal consolidation have been keenly observed during the budget. Expectation always remains high ahead of budget announcements. In this context, Dun & Bradstreet produces a Post Budget Analysis, wherein we use our in-house group of subject expert and economic research team to conduct a research to build the desired information on the aforementioned guide. Dun & Bradstreet in the report Union Budget Impact Analysis presents an impact of the Union Budget announcements on the overall macro-economy and more than 20 major sectors. We also assign ratings on the likely impact of the announcements on each individual sector.

The publication Union Budget Impact Analysis is broadly divided into the following sections:
  • Budget At A Glance
  • A Macroeconomic Perspective
  • Sectoral Impact
  • Change in Central Plan Outlay
  • Receipts
  • Expenditure
  • Key Economic Indicators (Absolute Values)
  • Key Economic Indicators (Percentage Change Over Previous Year)
Sectors Covered
  • Agriculture
  • Social Sector
  • Infrastructure
  • Banking, Financial Services and Insurance (BFSI)
  • Hospitality
  • IT/ITeS
  • Media & Entertainment
  • Real Estate & Construction
  • Retail
  • Telecom
  • Automotive
  • Capital & Engineering Goods
  • Cement
  • Consumer Goods
  • Gems & Jewellery
  • Leather
  • Metals & Mining
  • MSMEs
  • Oil, Gas & Petrochemicals
  • Pharmaceuticals & Healthcare
  • Power
  • Textiles
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