“There are measures for the immediate term and measures that will also unfold over a period of time. So, from that perspective, it is very positive,” said Puri.
Rajiv Memani, President Designate of CII and Chairman of the Emerging Markets Committee at Ernst & Young LLP, appreciated the government’s long-term growth strategy. He stated that focusing on critical areas such as nuclear power will help drive economic expansion over the next 10 to 20 years.
Sunil Kant Munjal, Chairman of Hero Enterprise, emphasized the Budget’s focus on maintaining the fiscal deficit while laying out a growth path. He pointed out that while personal and family balance sheets were impacted due to over-leveraging, this situation is expected to improve.
Also Read: Raamdeo Agrawal’s post-Budget investment strategy
Chandrajit Banerjee, Director General of CII, said the Budget successfully addresses consumption demand. He stated that while some might have expected a higher capital expenditure (CapEx) push, the government has done more than enough to offset consumption demand.
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