Focus on common man, not investors: India Inc
Says collaboration with States for GenNext reforms welcome step
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The Budget provides continuity to India’s successful holistic economic strategy to drive growth with inclusion and it takes forward the government’s successful economic strategy of the previous two terms - Chandrajit Banerjee, Director General, CII
New Delhi: Industry leaders on Tuesday said the first Budget of Modi 3.0 by Finance Minister Nirmala Sitharaman continues the path of fiscal consolidation, while focusing on the common man’s interests, but felt more could have been done for Indian investors.
Industry body CII Director General, Chandrajit Banerjee said: “The Budget provides continuity to India’s successful holistic economic strategy to drive growth with inclusion and it takes forward the government’s successful economic strategy of the previous two terms, led by investments and reforms and focused on inclusion and empowerment. The announcement on collaboration with States to take forward the next gen reforms with the twin objectives of employment generation and growth is a welcome step.”
Another industry body PHDCCI added: “the budget is a growth-oriented inclusive one and the several measures announced in it would strengthen India’s journey towards ‘Viksit Bharat’. Retailers Association of India (RAI) CEO Kumar Rajagopalan said: “The government has tried to strike a balance between populist and policy measures.”
