Budget could consider FDI & retail issue: JM Financial

Do you expect anything from the budget which could address the FDI issue, FDI and retail, FDI and insurance?


Ashith Kampani: There could be some mention somewhere that there could be in consideration to look at especially in FDI and insurance which may look much easier to tackle than FDI and retail because for retail they need to put entire supply chain situation into the place whereas for FDI and insurance the things are like everybody the 26% can move to 49% and bring in some money into the country which is required. Just to add on one that disinvestment drive could be very aggressive next year compared to what we have been seeing because we do not have 3G revenue this time but we may have other spectrum which may come subject to how the whole situation on the telecom side moves.