Budget 2016-17
DSIJ Intelligence / 29 Feb 2016
The budget is a clear one, with a focused growth trajectory for the next three-four years, broadly in line with the expectations of India Inc. By Deepak Chiripal, CEO, Nandan Denim Ltd
“The budget is a clear one, with a focused growth trajectory for the next three-four years, broadly in line with the expectations of India Inc.
The focus on agriculture, infrastructure, health and education will enhance the social fabric and contribute to equitable growth.
Infrastructure is the main theme for this budget and necessary allocation has been given for the rail, road, electricity, port development.
Special emphasis and measure announced for ease of doing business, tax reforms promoting start-ups are steps in the right direction.
Textile industry didn’t get its due in the budget, further move of bringing small and medium enterprises engaged in garment manufacturing under the ambit of indirect tax will hurt the industry.”
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