Budget 2015 once-in-a-lifetime opportunity for course correction: Ravi Dharamshi, ValueQuest Investment Advisors

In a chat with ET Now, Ravi Dharamshi, CIO, ValueQuest Investment Advisors, shares his expectations from the Budget 2015. Excerpts:

ET Now: Share with us your expecations from the upcoming budget.

Ravi Dharamshi: I am from the camp which believes that this can be a really, really ‘Make India’ budget. It might not click if there is no out-of-the-box thinking.

Fiscal deficit at 3.6%, enhanced budgetary allocation to infrastructure — these things are a given. This is not what excites me.

What excites me is the fact that this budget is a once-in-a-lifetime opportunity for course correction. It is a great chance to do away with the ills that are plaguing the country, and put it on a more sustainable growth path.

The RBI is doing its bit and the global commodities are playing their role. Now, the government has to do its bit. It has to completely refocus on infrastructure-led growth. It needs to lay emphasis on the quality of growth.

The subtle things will matter much more than absolute numbers. Irrespective of whether it is 15% increase or a 3.6% fiscal deficit, the most important matter will be the quality of the deficit. I will not be unduly worried if the deficit is at 4%, but the quality of that deficit is good.