At the outset, the Union Budget 2019 is an incremental and positive one focusing on all-round development of the Indian economy. The primary focus has been towards reversing the weakening growth, boosting domestic and foreign investments, rapid infrastructure building and also at creating a conducive business environment for start-ups and entrepreneurship.
In particular, the government’s plan to build a supportive ecosystem for manufacturing green energy technologies as well as initiatives for clean water, we believe, is a step taken in the right direction to create and build a clean and green nation.
Further, with India set to become a $3 trillion economy this year, we believe the government has undertaken positive steps and reforms to promote growth and development of the economy, in the years to come.
(Pramod Chaudhari, Executive Chairman, Praj Industries IndiaPramod Chaudhari, Executive Chairman, Praj Industries India. The views expressed are personal)