Chennai: Interesting views about the Union Budget were disscussed at the Markets and Economy 2020, an annual post-budget analysis conducted by United Way Chennai, held recently. The event took place at ITC Grand Chola, Chennai.
With a comprehensive talk by TV Somanathan, Industry leader and past CII President Seshasayee and PM’s Economic Advisory council member Anantha Nageswaran debated the recent monetary measures, trade as well as the prudent fiscal measures of the budget.
According to a press release, the event witnessed a conglomeration of around 400 top economists, investors, financial experts and the business community of Chennai, setting off discussions the markets and general investment opportunities in the country.
The keynote address was delivered by TV Somanathan, Secretary (Expenditure), Ministry of Finance. Speaking about the Budget, he said that it was designed to provide prudent fiscal stimulus without compromising on macro-economic stability. He said that the approach was more qualitative rather than quantitative, focusing on agriculture, infrastructure and road connectivity into villages such as introducing refrigerated coaches for perishables.