The last full-fledged budget of the Narendra Modi-led government and the first one after GST rollout has been highly anticipated.
Ahead of the announcement, Jim Rogers, American businessman, investor, and author spoke exclusively to Republic TV’s Editor-in-Chief Arnab Goswami where he shared his take on the 2018 Union Budget announcement and highlighted the anticipation in the global markets.
Rogers, who is the chairman of Rogers Holding Inc. and the bestselling author of an array of financial books stepped into the world of business at the age of five. After graduating from Yale University in 1964, he won a scholarship to Balliol College, Oxford and the secured his first job on Wall Street.
On speaking to Republic TV, Rogers said,
“Like every Election Budget, everybody is going to get a present. The debt will go higher, the budget will not be balanced.”
When questioned about GST, he added, “I would expect 3.5 to 4% deficit this year. Government will likely announce 3% deficit but it is likely to go higher”