Price range reformist, will drive financial revival: India Inc

New Delhi, February 1

India Inc on Monday hailed Finance Minister Nirmala Sitharaman’s Budget for 2021-22 as a reformist one that reimagines India’s self-reliance like never before and will drive revival of the economy from the impact of the pandemic with enhanced spending.

The FM has given a booster dose to the economy through six pillars of mega rise in capital expenditure on healthcare, physical infrastructure without putting much pressure on the taxpayers — Vineet Agarwal, Assocham President

The Budget is a clear-headed and growth-oriented one that lays a strong foundation for an Aatmanirbhar Bharat  — Uday Shankar, FICCI President

The focus on growth over fiscal consolidation, healthcare spending and steps to further help the startup ecosystem came in for praise from industry leaders across different sectors.

“Coming in the backdrop of a global pandemic of the century, it boldly spells the government’s growth agenda and a march towards building a new and prosperous India. The Budget clearly has the stamp of our Prime Minister with a clarion call for ‘Sabka Saath Sabka Vikas’ and ‘Vocal for Local’,” founder and chairman of Bharti Enterprises Sunil Bharti Mittal said.

The first Budget of this new decade reimagines India in the form of Aatmanirbhar Bharat like never before, he added.

Echoing similar views, Vedanta Resources executive chairman Anil Agarwal tweeted, “Congratulations to @narendramodi and FM @nsitharaman for a very reformist #Budget2021 with many big ideas including strategic disinvestment of two public sector banks & one insurance company. Thrust on infrastructure will boost growth.” Mahindra Group chairman Anand Mahindra said in a time of unprecedented economic stress, the government’s responsibility was to spend enough to revive the economy or else face enormous human suffering.

“So I had one expectation from this Budget: that we should be very liberal in terms of the targeted fiscal deficit. Box ticked,” Mahindra tweeted. — PTI

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