Expected Allocation Between Rich And Poor In 2008 Budget

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Budget 2008-2009 is just few days to go. People, in addition to being concerned about expected allocation between rich and poor in 2008 budget are also wishing for a reduction in direct taxes as well as surcharge on taxes. The article given below unravels the expected changes in Budget 2008-2009.

During the period 2006-2007, there was a growth of gross domestic product or GDP by 9.25%. The interest rates are also comfortable and so is inflation. Economists, government officials, corporates and even the less privileged people of the country have set their eyes on budget 2008-2009 to ascertain the various changes, which may set in the economy. People are also apprehensive about the expected allocation between the rich and poor in 2008 budget.

Infrastructure-education, health care, sanitation...... It is being assumed that India budget 2008 may be impacted politically to some extent owing to "vote bank politics". Some say that the budget might be aimed at pacifying one particular sect of people. India is on the verge of gaining a super power status, nevertheless, it has remained mute to some of the problems encountered by the country. These include proper health care, sanitation, primary education, water supply. Studies suggest that in the current 11th Five Year Plan for the period 2007 to 2012, an investment of approximately, USD$500 billion would be required for revamping infrastructure. It is being assumed that the forthcoming Budget 2008-2009, may relax regulations in order to hasten the process of making the infrastructure strong. Such investments would help bridging the gap between the rich and the poor.

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