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 importduty) , 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 facingstiff 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.