ICICI direct Budget Preview 2009-10

After sweeping the General Elections convincingly, the time has come for the new
government to deliver for what it was elected. On July 6, the Finance Minister will present the
Budget for 2009-10. This will be indicative of the action plan of the newly elected government.
We believe the Budget 2009-10 will be a reform-oriented Budget with major focus on
improving GDP growth. However, it will be unrealistic to assume that the Budget will deliver
everything. Rather, it will set the tone for the impetus to growth.