Namo Namo Budget

A report by foreseegame.com & Microsec Research7th July 2014 | 1

Executive Summary


Namo Namo Budget

The wind of change has finally started blowing in India. As expected, NDA has come

to power by a huge mandate with Narendra Modi at its helm. The majority of Indians

have put their faith on Modi and his mantra of development. Modi’s agenda to revive

growth and create jobs spelled magic for BJP and its alliance NDA and the Congress-

led UPA did not have the slightest chance to form some resistance before such a strong

Modi Storm.

Now just after one and half month in power the brand new Modi government is going

to present its first Railways and Union Budget in a few day’s time. It is a significant

moment for both the government and the countrymen alike. For the Modi government,

it is time to actually put their words and promises into action and to show the

electorate that the government indeed cares for them. For the common people on the

other hand it is a moment to see their hopes and aspirations taking concrete shape. It is

the time to bring the promised Achchhe Din into a reality. The 2014-15 Union Budget

provides the NDA government with the first chance to do exactly that, and the

decisions taken in the first budget will give a clear roadmap as to which direction the

new government is heading to. While it is true that no miracle can be expected

overnight, and the promise of growth and development might still take some time to

materialise, but the budget will fail to satisfy the voters if it does not contain a vision

and a roadmap of what will be done in next three years. Therefore, it is the citizen’s

expectation that the budget will provide an outline of the economic philosophy of the

government and that it will be different from the budgets presented by the previous

government which they have just overwhelmingly rejected.

The new Modi government has already made it clear that it is going to take a slew of

measures targeted at curbing the inflation and at the same time spurring growth and

investment. At the same time the government has also indicated that it will not flinch

at taking some tough administrative reforms in order to ensure a sustainable

development of the nation even if those decisions goes against the interest of common

people. As the new government is busy drafting its maiden budget, what could

possibly be going on in the common people’s mind? Are they apprehensive about the

outcome, or are they confident about their choice of government? In order to get an

answer to these questions, we, at foreseegame.com, thought to resort to the people’s

court once again. Through our latest Opinion Square survey we presented a set of

questions that focuses on various aspects of economic and related developmental

Executive Summary


aspects and asked whether these aspects would find a place in the upcoming Union

Budget 2014-15, or not. The survey results are overwhelming and it clearly shows that

the people of India have firm faith on their choice and they are absolutely hopeful that

the new government will strive to fulfill its promises to the countrymen.

Foreseegame.com is a unique portal of consumer engagement, which provides a

platform for two way communication and engagement between the brand and the

consumer using games of foresights. Microsec research is the research wing of

Microsec Capital having experienced analysts across the sectors. We used the online

feedback from the users of www.foreseegame.com. The users have been registered

only on the basis of unique mobile numbers and hence, it provides authenticity and

genuineness of the participants. The participation is being monitored by Google.

About 43,000 participants have contributed to the survey from all parts of India;

however the limitation of this sample is that it is from the group of people who are

users of internet.

The Take Away Points:

1. It is the income tax that hits common people’s pocket hard. 65% respondents are

hopeful that the Union Budget 2014-15 will keep that in mind and will increase

the basic exemption limit of income tax to bring some respite in their lives.

2. A better connected India is the dream of every citizen. 74% respondents,

therefore, are hopeful that the Union Budget will have important provisions for

bullet trains that will connect the remotest parts of the country.

3. Prime Minister Narendra Modi’s stress on skill development of the country raised

hope in the education sector. People associated with the education sector are

optimistic that the Ministry will come up with concrete measures and 74% of the

respondents think the Union Budget will be a special fund for skilled India.

Executive Summary


4. The medical and engineering fraternity of India has pinned their hope on the new

government and they are confident that Ministry will bring premier institutions like

AIIMS, IITs and IIMs to every state. 74% respondents believe the Union Budget will

give a roadmap for AIIMS, IITs and IIMs in each of the states.

5. The biggest challenge facing the new Modi government is the high inflation. The

government knows very well that India cannot get back on fast track unless inflation is

curbed. 73% of respondents, therefore, believe that the Union Budget 2014-15 will

have a special fund to tame the inflation monster.

6. India will not only become brighter, but safer too if electricity reaches every corner

of the country. Indeed, the first step towards growth is to make electricity reach home

of each and every Indian resident. 72% of the respondents believe that the Union

Budget will have adequate measure to ensure 24x7 electricity to each Indian.

7. India will head steadfast towards growth when its villages are truly developed. 73%

of the respondents think the Union Budget will have a provision for pacca house and

proper sanitation to each rural Indian family.

8. Cleansing the holy river Ganga of all impurities has always been one of the top

priorities of the Prime Minister Narendra Modi and he has already started working

towards achieving this goal. 76% of the respondents think that the Union Budget

2014-15 will have a special scheme for the Clean Ganga drive.

9. The new Modi government has already indicated that it wants to strike a balance

between the development of the Eastern states vis-a-vis the other states and will

address the issues and problems Eastern states go through. Therefore, 73% of the

respondents think that there will be a number of special schemes for the states in

Eastern India in order to make the states grow in tandem with the rest of India.

10. The city of Banaras holds a special place in his heart. Prime Minister Narendra

Modi made that clear when he decided to contest the election from there. Post victory

he has expressed his intention to make Banaras the cultural hub of the country. 73% of

respondents, therefore, think that the Union Budget too will have special schemes for

the ancient city.

Executive Summary

Outlook of Indian Youth– Survey Study

A report by foreseegame.com & Microsec Research7th October 2013 | 5

Q 1. Do you think that the financial budget this year will increase the basic exemption limit of income tax for individuals to five lacs or more?

It is the income tax that hits common people’s pocket hard. 65% respondents are hopeful that the Union Budget 2014-15 will keep that in mind and will increase the basic exemption limit of income tax.

Q 2. Do you think that the Railway Budget will provide a roadmap for bullet trains?

A better connected India is the dream of every citizen. 74% respondents, therefore, are hopeful that the Union Budget will have important provisions for bullet trains that will connect the remotest parts of the country.

65%

35%

Bigger Pocket

Yes

No

74%

26%

Fast Forward

Yes

No



PM Narendra Modi’sstress on skill development of the country raised hope and 74% of the respondents think the Union Budget will be a special fund for skilled India.

Q 3. Will there be provisions for a Special Fund of more than Rs. 1000 crores for skilled India?

The medical and engineering fraternity of India has pinned their hope on the new government and they are confident that Ministry will bring premier institutions like AIIMS, IITs and IIMs to every state. 74% respondents believe the Union Budget will give a roadmap for AIIMS, IITs and IIMs in each of the states.

Q 4. Will the Union Budget 2014-2015 provide a roadmap for AIIMS, IITs and IIMs in each of the states?

74%

26%

Skilled India

Yes

No

74%

26%

Specialised Education

Yes

No



Q 5. Do you think that the Union Budget 2014-2015 will have a provision for inflation stability fund?

Q 6. Do you think that the Union Budget 2014-2015 will provide a roadmap for 24x7 electricity for each Indian resident?

73% of respondents think the Union Budget will have a provision for inflation stability fund. Only 27% think otherwise.

A brighter India will also be a safer India. The first step towards growth is to make electricity reach home of each and every Indian resident. 72% of the respondents believe that the Union Budget will have adequate measure to ensure 24x7 electricity to each Indian.

73%

27%

Stable India

Yes

No

72%

28%

24 Hours Bijli

Yes

No



Q 7. Will the Union Budget 2014-2015 provide a roadmap for pacca house and sanitation for each rural Indian family?

Q 8. Will there be a special scheme for the Clean Ganga drive in the Union Budget 2014-2015?

73% of the respondents think the Union Budget will have provision for pacca house and proper sanitation to each rural Indian family.

76% of the respondents think that the Union Budget 2014-15 will have a special scheme for the Clean Ganga drive.

73%

27%

Improved Rural India

Yes

No

76%

24%

Clean Ganga

Yes

No



Q 10. Will there be a special scheme for the city of Banaras in the Union Budget 2014-2015?

Q 9. Do you think the Union Budget 2014-2015 will provide a few special schemes for the states in eastern India, so that the states get an equal footing in terms of growth?

73% of the respondents think that there will be a number of special schemes for the states in Eastern India in order to make the states grow in tandem with the rest of India.

73% of respondents, therefore, think that the Union Budget too will have special schemes for the ancient city.

73%

27%

Emerging East

Yes

No

73%

27%

Bright Benaras

Yes

No

Namo Namo Budget

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