Post Budget reaction by Anand Sundaram, Chief Executive Officer, Pioneer Property Zone (PPZ)

Overall, the central budget by itself seems quite agnostic to the industry. Infrastructure push is quite positive and will help urbanise more parts of the country. Thrust on farming, rural development and bringing the Agricultural Produce Marketing Corporation (APMC) markets to an E-platform should help in greatly organising distribution to the food retailers. Goods and Services Tax (GST) passage will be critical and we hope that succeeds this financial year. General Anti-Avoidance Rule (GAAR) on the other hand may be perceived to be a deterrent. No levy of retrospective taxes is a positive. These are initial observations and will need to read the fine print before arriving at any conclusion.