Categories: Budget

Make Budget 2018 Return confidence to the economy, says Bloomberg|Quint

Innovative multi-platform & multi-format coverage on budget day for domestic and global investors

New Delhi, January 31, 2018: Bloomberg|Quint, India’s premier business and financial news brand, has focused on the need for bringing back confidence in the economy, as the core issue that should be addressed in the Union Budget 2018.

Why Confidence Is key ?

The Indian economy has been subject to structural stress in the last year, with the GST roll-out, the large NPA issue in the banking sector, and slowing GDP growth causing an overhang of uncertainty and muted business confidence. This inturn led to reduced private investment, challenges to India’s employment growth and future of its fiscal health also emerged. In this context, investors and business leaders are looking for tangible signals from the government to enhance confidence so that they can invest in growth and create the virtuous cycle of employment, income, and consumer demand, as well as drive innovation and entrepreneurship. Moreover, with general elections early next year, there are concerns that populism may overshadow policy measures.

Power-packed Budget Day

On Budget day, Bloomberg|Quint will bring together top decision-makers i.e. CEOs and entrepreneurs, global and domestic investors, top economists and policy commentators, sector experts on one end and the voice of the citizens on the other.

Bloomberg|Quint’s mobile-first coverage will include Live streaming on BQ Live, India’s first digital business news streaming service, apart from published articles, op-eds, video, e-books, data infographics and charts, Live chats, polls and contests. The content will be powered with high-impact AR graphics from its state of the art newsroom. Apart from bloombergquint.com, its coverage will be Live and exclusive across top social platforms Facebook, Twitter, Yahoo, YouTube and leading OTT platforms such as Hotstar, Vodafone Play, Yupp TV, Zenga TV, Nexgtv and more. Global marquee investors will witness the budget on Bloomberg|Quint’s Live stream on the bloomberg terminal. Bloomberg|Quint’s budget coverage is also available on leading content platforms such as Dailyhunt, Markets Mojo, Yahoo, Sify Finance, Jio Chat, JioXPressnews, Just Dial Social and The Quint.

With a strong emphasis on user engagement and interactivity, Bloomberg|Quint will also be deploying special budget editions of its fast growing suite of ‘opt-in’ services including the much acclaimed BQ Daily Newsletter, its pioneering WhatsApp news alert and stock search service, the ‘All You Need to Know’ podcast, notifications and more. Cumulatively, these services already engage over 2 lac users daily.

Speaking on this, Anil Uniyal, CEO, Bloomberg|Quint, said, “Our editorial focus on confidence sets a bold agenda for the budget and cuts to the heart of the opportunity and challenge facing our economy. Further, we are delighted to see the strong consumer and advertiser response to our budget offering. As a brand, we have come a long way in a very short time. With over 2 million monthly users, an ever-expanding multi-platform presence across all top social, OTT and aggregator platforms, a rapidly growing suite of user products and innovations like AR graphics, WhatsApp news services and commercial partnerships with over 30 marquee brands. We are ready for the next phase of our growth as we build on our vision of being a premium, digital-first brand of choice for leaders.”

Bloomberg|Quint has launched a multi-channel consumer campaign to amplify its agenda for the budget and partnered with LIC of India to present its budget coverage in association with Capital First, Lodha, and Hafele.

Bloomberg|Quint reaches more than 2 million monthly users across its on-site and partner platforms. More than 50% of Bloomberg|Quint’s audience comprises of C-level executives and entrepreneurs. During Budget 2017, Bloomberg|Quint delivered over 50 million in reach, including 15 million video views and more than 25k shares on social media, ahead of several legacy players in the space. (Source: Google Analytics, Partner & Social Analytics). It was also recently rated as the most viewed business news brand on Facebook amongst new-age publishers. (Source: Vidooly, Facebook Video Report)and has been voted ‘Business Website Of The Year’ (Digipub Awards 2017)

Corporate Comm India(CCI Newswire)

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RBI Holds Repo Rate at 5.25%; Realty Industry Sees Stability as Growth Driver The Reserve Bank of India’s (RBI) decision to maintain the repo rate at 5.25% and retain its ‘neutral’ monetary policy stance in the third bi-monthly Monetary Policy Committee (MPC) meeting of FY27 has elicited a measured response from the real estate industry. While the sector had hoped for a rate cut to further enhance home loan affordability and stimulate housing demand, industry leaders believe the RBI’s decision reflects a balanced approach amid elevated global uncertainties, volatile energy prices, and inflationary concerns. They noted that stable interest rates will continue to support buyer confidence, provide financial predictability for developers, and sustain the momentum witnessed in the residential real estate market. Mr. Kamlesh Thakur, President, NAREDCO Maharashtra “The RBI’s decision to maintain the repo rate at 5.25% while retaining a neutral stance reflects a prudent approach amid global uncertainties and evolving inflation dynamics. While the industry was hopeful of a rate cut, policy stability itself provides confidence to both developers and homebuyers. With borrowing costs remaining unchanged, housing demand is expected to continue its momentum, particularly in the mid-income and premium segments. The upward revision of India’s GDP growth projection to 6.7% underscores the resilience of the domestic economy. Going forward, as inflation moderates in line with the RBI’s expectations, there could be room for a more accommodative monetary policy. A future rate cut would further improve housing affordability, strengthen buyer sentiment, and accelerate investments across the residential and commercial real estate sectors.” Mr. Kaushal Agarwal, Chairman, The Guardians Real Estate Advisory “The RBI’s decision to keep the repo rate unchanged brings continuity and predictability to the market at a time when global geopolitical developments and inflationary pressures continue to create uncertainty. Stable interest rates ensure that home loan EMIs remain broadly unchanged, allowing prospective buyers to make informed purchasing decisions without concerns over rising borrowing costs. The Indian housing market has demonstrated remarkable resilience over the past few years, supported by strong end-user demand, rising incomes, and growing confidence in the economy. With GDP growth projected at 6.7%, we expect housing demand to remain healthy across key micro-markets.” Mr. Shilpin Tater, Managing Director, Superb Realty “The RBI’s decision to maintain the repo rate is a balanced move considering the current global economic environment and domestic inflation outlook. Policy stability is particularly important for the real estate sector as it enables developers to plan projects with greater financial certainty while allowing buyers to benefit from stable lending rates. Demand for quality residential & commercial developments, especially in well-connected urban locations, is expected to remain robust. We remain optimistic that supportive monetary measures in the future could further strengthen investment activity.” Ms. Shraddha Kedia-Agarwal, Director, Transcon Developers “The RBI has adopted a measured and responsible approach by maintaining the repo rate while closely monitoring inflationary trends and global developments. Although a rate cut would have enhanced affordability for homebuyers, the decision to maintain stability provides confidence to both consumers and developers in an uncertain macroeconomic environment. The premium and luxury housing segments continue to witness healthy demand driven by aspirational buyers and strong wealth creation, while the broader residential market remains supported by genuine end-user demand. Stable financing costs, coupled with India’s improving growth outlook, should sustain market momentum.” Mr. Dhruman Shah, Promoter, Ariha Group “The RBI’s decision to keep the repo rate unchanged reflects its focus on balancing growth with inflation management amidst ongoing global uncertainties. For the real estate sector, policy continuity is a positive outcome as it preserves financial stability and ensures that financing conditions remain predictable for both developers and homebuyers. Stable interest rates, combined with sustained infrastructure investments and urbanization, will continue to support residential sales.”

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