Calling it pro infrastructure growth, Kishor P. Ostwal, CMD of leading BSE listed research company CNI Research, said on Friday that the budget has dealt with the key concerns such as fiscal deficit, inflation growth and reforms simultaneously.

The budget recognized India's need of inflow of over $1 trillion for taking the infrastructure to world class levels without falling prey to the pitfalls of global economies, he said.

As per him, the tax limit hikes are substantial and would put more money in the hands of salaried and small businessman enhancing demand for FMCG and Consumer durable sector.

Raising concerns on government borrowings he said, "Containing market borrowing at Rs. 345,000 crore is extremely difficult in given circumstances."

He also said that this budget is the first signal to the world that the sleeping elephant is ready to roar. Talking of nine to 10 per cent GDP growth over the next two years is by no means a small achievement. This augurs well for long term investors as it gives them the comfort that India is now ready to deal with any global crisis like a sovereign debt crisis by any European country.