India Inc has given thumbs down to바카라 웹사이트the maiden budget by the first woman finance minister saying바카라 웹사이트Nirmala Sitharaman has chosen to walk the populist path and failed to usher in any concrete measures to boost growth and바카라 웹사이트create jobs.
Veteran industrialist Adi Godrej, chairman of the바카라 웹사이트Godrej Group, was very vocal in his disappointment with the maiden budget proposal by the first woman finance minister
Nirmala Sitharaman saying, "I do not think the budget is growth-oriented. The stock market has also come down considerably."
Similar was the views of Mahindra Holidays chairman Arun Nanda who also said he is disappointed.
Stating that there are many populist measures, Nanda felt the biggest challenge the country is facing is job바카라 웹사이트creation which is not addressed in the Budget.
"If we don't create jobs for our children, we are going to have social problems...We are only doing populism. We need to get into real action but I heard none of these things in the Budget. I only heard things which were pleasing and will make headlines."
Bajaj Finserv managing director Sanjiv Bajaj said바카라 웹사이트though the budget is big on ideas and has a 360 degrees approach, only god knows the detail on how they are going to execute all these.
However, he noted that the budget focuses on바카라 웹사이트everything from infrastructure, labour reforms, liquidity, NBFCs, startups, digital, MSMEs, electric vehicles to connectivity. So lots of focus areas.
Similarly, Martin Schwenk, managing director of바카라 웹사이트Mercedes-Benz India, also sounded very disappointed and flayed바카라 웹사이트the hike in custom duty on automotive parts saying the move is not going to help create demand in the industry that already is facing continued strong macroeconomic headwinds, resulting바카라 웹사이트in subdued consumer interest.
"The increase in custom duty coupled with increased바카라 웹사이트input costs due to fuel price hike, will lead to an increase바카라 웹사이트in the prices of cars. Though the budget has given a boost to green mobility, we expected inclusion of plug-in-hybrids for바카라 웹사이트duty exemption as well, as that would have further given a바카라 웹사이트push to the green mobility efforts," Schwenk said.
Ajay Piramal of the Piramal group the budget is more바카라 웹사이트focused on the immediate priorities.
He, however, noted that the government intent to바카라 웹사이트provide housing for all by 2022 has the potential not just for바카라 웹사이트growth in downstream sectors such as cement and바카라 웹사이트 steel but also
for overall job creation in these crucial industries.
However, Vedanta Resources chairman Anil Agarwal termed the budget as progressive which is focused on core issues of health, sanitation, water, and the overall welfare of the people.바카라 웹사이트
"The budget has set some mega targets like Rs 100바카라 웹사이트trillion investment in infrastructure over the next five years바카라 웹사이트that has the potential to completely transform the face of our nation and help the economy reach USD5-trillion-mark.
"The budget also clearly states that strategic바카라 웹사이트disinvestment of select central units would continue to remain a priority of the government and will offer more central units for strategic participation by the private sector," he said.
Raymond chairman Gautam Singhania said the budget has attempted to address the concerns of various stakeholders --바카라 웹사이트agriculture to social sector, industry, youth and women.바카라 웹사이트
"Giving a boost to local manufacturing and enhancing infrastructure and rural connectivity, the budget is aligned to nation-building, growth and job creation," he said.
He also said the proposed move to streamline multiple바카라 웹사이트labour laws into a set of four codes will largely resolve the바카라 웹사이트legacy issues and enterprise constraints with regards the skilled and unskilled labor force in the country.
Terming it a good budget, Emami group's Aditya Agarwal said infrastructure, education and rural economy are the major beneficiaries from the budget, signaling more employment and spending power generating strong demand across business sectors including FMCG.
For BSE chief executive Ashishkumar Chauhan, the바카라 웹사이트budget is a growth- and job-oriented blueprint to promote바카라 웹사이트overall growth as it outlines several new reform initiatives like a big privatization push, relaxation for foreign portfolio investors, further easing in FDI in a host of areas.바카라 웹사이트
"It is an investment that drives demand, creates capacity, increases labour productivity, develops new technology, and generates jobs and the budget offers all of these," he said.
PTI
