New Delhi: Union Finance Minister Nirmala Sitharaman has welcomed the budget presented by the industry.
India Inc
It has paved the way for building the country. The budget is focused on growth.
CII Director General Sanrajit Banerjee
This is the development budget. The budget is prepared keeping growth in mind. The first budget presented during the Amrita era laid a strong foundation for the vision of a developed nation by 2047.
FICCI Chairman Subrakant Panda
Stimulation of investment and consumption is needed to keep the cycle of growth moving. It is heartening that the government has continued its thrust on capital expenditure, increasing capital expenditure by 33 per cent to Rs 10 lakh crore, representing 3.3 per cent of GDP.
A report published by Assoc
Infrastructure can build the country by continuing to focus on sustainable economic growth, stimulating consumption demand.
The 33 per cent increase in capital expenditure to Rs 10 lakh crore shows the government’s commitment to India as a fast-growing economy despite the global slowdown.
Kotak Mahendra Bank CEO Uday Kotak
It is a visionary and structured budget. It also helps individuals. In the first budget presented during the Amrita era, the foundation was laid to exponentially double the per capita income of every Indian.
Godrej and Boyco Managing Director and CEO Anil G Verma
Research in fields like 5G services, artificial intelligence technology and agriculture will improve our competitiveness in the global economy, they said.
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