Budget 2013 is a responsible one: Raamdeo Agrawal, Motilal Oswal Financial Services

In an interview with ET Now, Raamdeo Agrawal, Motilal Oswal Financial Services, gives his views on Union Budget 2013. Excerpts:-


ET Now: The budget is good, solid growth oriented. Numbers are looking strong. If that is the case how come markets are not rewarding this budget, markets are flat, Nifty has cracked from the day’s high?

Raamdeo Agrawal: It is a responsible budget. There is no big bang which is required by the market to react immediately, something which changes opinion per se. There is anything in here which dramatically changes the opinion about the outlook immediately. The action is going to be more in next 12 months than in the budget itself.