Union Budget 2023 is holistic, growth-oriented & sustainable: Industry

The much-awaited Union Budget 2023-24 was presented by the Union Finance Minister Nirmala Sitharaman. With raise in tax rebate limits to the national digital library for children and adolescents, new programme to promote R&D in pharma, 157 nursing colleges, recruitment of 38,800 teachers, and enhanced budget for PM Awas yojana, finance minister aimed to improve the lives of people across the country.

Growth-oriented budget

Industry people termed it a perfectly focused growth-oriented budget with massive capital investment outlays at 4.5% of GDP while staying on track with the fiscal deficit reduction plan “What is remarkable is the holistic, sustainable and inclusive approach taken covering every element of infrastructure and capability building and making the best use of the world-class digital public infrastructure. The budget clearly reflects PM Narendra Modi’s long-term vision for India and it aims to engage with and carry every section of society towards the goal of a self-reliant and strong India,” said Gopichand P. Hinduja, Co-Chairman, Hinduja Group.

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