As government has taken so many remarkable reforms with this budget for boosting the economy, we are on the path of achieving a sustainable GDP growth rate of 8% in becoming a $5 trillion economy by 2024-25. Government focus on aggregating the services of key sectors such as infrastructure, energy, developing model for public-private partnership intending towards lot of collaborations by way of leveraging emerging technologies, FDI, ease of doing business, focus on R&D and digital economy shall definitely change the functioning of industry verticals and increase their productivity, which, in turn, will help in creating massive job opportunities and ensure all-inclusive growth of the countrymen. This development will eventually bring less-privileged people into the mainstream of the society.” Dr. Omkar Rai, Director General, Software Technology Parks of India (STPI) is a very inclusive budget.
As a growing economy on the path to becoming the third largest in the world, it is important to focus on all segments of the society, especially the have-nots. I am glad the FM has showcased Rural India, Start-ups, Women and Social Entrepreneurship, though it would have been good to see specific focus on job creation, and concrete steps to address rural distress, particularly for small and marginal farmers. The focus on SHGs and easy availability of credit will go a long way in ensuring that women develop as entrepreneurs. Start-ups, especially in the social sector, should benefit from the proposed social stock exchange and will also have easier access to capital. Start-up taxation, up till now the elephant in the room, has also been clarified and dealt with.
The intent, clearly, has been displayed in ample measure. Conversion of intent into execution at the ground level – typically a concern area in the past – is what one will keenly be observing moving forward. - Arun Nagpal, Co-Founder & Managing Director of Mrida Group.
“We welcome the budget and look forward to the continued focus on ensuring that we reap the demographic dividend. The FM has rightly focused on the youth of the country and education is the tool for development. The commitment to bringing in the new education policy and make sweeping changes in how education is imparted with the focus on learning outcomes will play a big role in bettering the education level. The focus on research and innovation and the setting up of a National Research Foundation with access to research funds from all Government schemes will help fund and promote research in the country. Bringing in legislation for finally setting up the Higher Education Commission of India is a step in the right direction. With all the sweeping changes in the education system, I will not be surprised to see the roaring success of the proposed Study in India programme.”- Dr. Yajulu Medury, Director, Mahindra Ecole Centrale, Hyderabad "It's a strong bottom end of pyramid budget.
The value will be visible to rural India and SMEs in quality of life, and cost of doing business, continuing focus on digital India and construction, especially affordable housing. Middle and top end will see continuity and nothing significant." - Vinod Subramaniam, CEO, Logo Infosoft
We whole-heartedly welcome the “Study in India’ initiative by the government to attract foreign students. It’s been long due and I am sure this will impact positively to the economy. We are yet to receive the detail of the initiative and the plan for the initiative, but we will definitely do our best to support it. The proposed allocation of 400 crore to higher education institutes will help cater many students across country. However, the requirement is much more and we were expecting a larger percentage of the budget will be allocated for it. Though in last 4 years the government has underspent the allocated budget for the sector, we are hoping the scenario will be different in FY20.- Dr. Sandeep Pachpande, Chairman, AudyogikShikshan Mandal (ASM)