The Winners

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Outlook News Desk
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The Winners

Every Indian business will lose in some way or the other from the BJPs budget proposals. Except for a select few:

  •  Dhirubhai Ambani's input costs are down (lower customs duty on crude oil), foreign rivals' are costlier (higher import duty) , his upcoming refinery will have a tax holiday till 2003.
  • The steep hike in import duty on paper and paperboard will benefit the L.M. Thapar group which had been facing stiff competition from imports.
  •  Profits of Grasim and Hindalco, Kumarmangalam Birla's flagships, will rise due to higher import duty.
  •  Steel companies like SAIL and Tisco will benefit from higher import duty on steel.

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