New Budget Gets Nod By Industry Leaders
Earlier this week, CII (Confederation of Indian Industry) officials and other eminent industrialists had gathered at an interactive session in New Delhi to watch the live telecast of the 2014-2015 General Budget. The industry and its leaders have welcomed the Modi government’s first budget as reformist, one that will help create more job opportunities and economic growth.
CommonFloor attended this session and the CEO, Sumit Jain was quoted saying, “Allocation of Rs. 8,000 crore for rural housing and Rs. 4,000 crore for urban housing for the poor and economically weaker sections will support Prime Minister Narendra Modi’s ambition of housing for all by 2022. The decision to give incentives for Real estate Investment Trusts (REITs) is also appreciable.”
Many other renowned industrialists also commented on the new budget, mostly praising it. Ajay Shriram, President CII said, “The budget presented by the new government contains a comprehensive package for economic revival and creation of jobs. This year’s budget provides an extensive road map for all sectors of the economy and would lay a strong and stable foundation for boosting savings and investments.”
N Chandrasekharan, CEO and Managing Director Tata Consultancy Services remarked, “The Finance minister’s maiden budget signals, both in sentiment and policy, the new government’s intention to drive the next generation of reforms and swiftly put India on a higher GDP growth path.”
The captains of Indian industry described the new budget as “one with the right intent and in the right direction.” The Indian industry is now waiting to see how these policies are implemented.
Source: The Tribune
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