Economy

Union Budget India 2018: ‘FM Has No Leeway; This Is Going To Be A Very Boring Budget,’ Says Dr. Andrew Fresis

Team Republic |

Finance minister Arun Jaitley will unveil the Union Budget 2018-19 on Thursday. The last full-fledged budget of the Narendra Modi-led government and the first one after GST rollout has been highly anticipated.

READ: India Union Budget 2018-19 Live: Get Live Updates & Highlights As Finance Minister Arun Jaitley Announces The Budget

While the nation looks forward to the 2018 Budget, Dr. Andrew Fresis, CEO of Ecognosis Advisory LTD spoke exclusively to Republic TV’s Editor-in-chief Arnab Goswami, from Hong Kong.

Dr. Freris, established his own consultancy, Ecognosis Advisory Co.Ltd in 2014. Ecognosis is a global financial, economic advisory and information service covering economic and financial developments, equities, fixed income, forex, commodities and other assets.

During the course of his conversation with Republic TV, Dr. Andrew Fresis said,

“My interest is not on if it is 3.5% or 3.7% but instead I want to see a fiscal deficit that comes down or else India will have high-interest rates. The current rates in India are already high”

READ: Union Budget 2018: GST Revision Concerns Retailers

With the arrival of the occasion on Thursday, speculation has been rife across the nation over matters concerning how the Union Budget 2018 would impact an array of industries ranging from e-commerce, health, agriculture, education, Information Technology (IT), and manufacturing among others as they expect major policy initiatives which will drive growth and support development and expansion.

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