The Budget will give boost to growth sentiments and revive the domestic economy
Overall the budget is very balanced. It will give boost to growth sentiments and revive the domestic economy. The Finance Minister has kept the fiscal discipline by keeping the budget deficit to 3.5 per cent in 2016-17. This will give greater confidence to investors, both in India and overseas.
The Finance Minister has taken the reform process forward with emphasis on nine pillars. Jubilant Life Sciences particularly welcomes the focus on agriculture, rural economy, social and infrastructure sectors. The focus on rural economy will generate demand, increase consumption and create opportunities for the corporate sector.
The minister has addressed both short and long-term issues facing the economy.