IIF, Delhi: 26th Feb. 2010; According to Prof. J.D. Agarwal, Chairman & Professor of Finance, Indian Institute of Finance, the Union Budget 2010-2011 presented by Finance Minister today has focused on growth and removing administrative weaknesses with a focus on Social & Economic development.

The Budget is likely to be growth oriented but inflationary, opined Prof. Agarwal. According to him Stock Markets may react adversely.

While welcoming the adjustment of tax slabs, Prof. Agarwal said re-adjustment will provide relief to the individual tax payers.

Prof. Agarwal strongly feel that the success of budget will depend upon effective implementation of budget proposals.