“Overall the budget proposals are in line with the development priorities of the nation. There has been a strong attempt to pump prime the rural economy and the infrastructure sector. We foresee a multiplier effect in the form of demand generation and employment creation over time. The state of the agriculture sector on account of two consecutive years of monsoon failure was precarious and it deserved the attention that was needed”.

“We feel confident that these measures will result in a harmonious and more equitable development of India. Peace and harmony forms the bedrock for furthering industrial growth and development. Likewise, a healthy and happy society is integral for nation’s progress. We see a clear reflection of this in the budget”.

Mr. Harshavardhan Neotia, President, FICCI

Click here to view FICCI’s paper on the 2016-17 Union Budget

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Written by Shreya Patil