President Automotive Sector
While we don\'t see any fiscal room for GST cuts in the auto sector, we hope that the price increase of cars that will happen with the GST on BSVI would somehow be neutralised, that would be beneficial to the industry.
The budget is good on intent. However, the key is efficient execution in a time-bound manner. There are many positives to simplify things and encourage entrepreneurs but again, key will be execution in a time-bound manner. Intent needs to be converte
Chief Minister of Maharashtra
This budget is unjust for Maharashtra and Mumbai which is the country\'s growth engine.
The budget presented by Ms. Nirmala Sitharaman is a pro-consumption budget. It strikes a balancing act between the urban and rural requirements.
Hardeep Singh Puri
Minister for Housing and Urban Affairs
The Krishi Udaan Yojna, to be launched on international and national routes, will immensely help in bringing our North-East and tribal districts to the forefront. This will help investors realise the unearthed potential of these regions and attract i
This first budget of the third decade of the 21st century reflects aspirations, hopes, and the country\'s faith in the government.
Delhi had high expectations from the Budget, but step-motherly treatment has been meted out to it again. When Delhi doesn\'t figure in the BJP\'s priorities, why should people vote for it?
Co-founder & CEO
The budget does meet some of the expectations from the FinTech industry and startups.
Former Finance Minister
The government has given up on reviving the economy or accelerating the growth rate or promoting private investment or increasing efficiency or creating jobs or winning a greater share of world trade.
Prime Minister of India
The main areas of employment are agriculture, infrastructure, textiles and technology. In order to increase employment generation, these four have been given a lot of emphasis in this budget.
Minister of Railways & Coal
FM Sitharaman has ensured that the Budget is all rounded.
Consumption and investment go hand in hand and compliance is the USP of this Govt.
The budget has some very positive aspects as the disposable income in the hands of the middle-class people and people earning lower salaries will increase and so consumption has to increase.
CEO and Founder
Markets should have a long-term view rather than just focus on the short term. To sum it all, the Budget is long term growth oriented but lacks short term kickers.
Modi govt has taken effective steps to rationalise tax system, boost basic infrastructure, strengthen banking system, promote investment & ease of doing business.
VP & Senior Technical Analyst, Equity Research
The Budget fell short of expectations as the stimulus package for rural, infrastructure and transportation was up marginally. Further, even the personal income tax came with a caveat of having to forego earlier exemptions and deductions.
I congratulate PM Modi and FM Nirmala Sitharaman for this development oriented and pro-farmer budget. This Budget will further strengthen the economy.
Member of Parliament
The main issue is unemployment. I did not see any concrete, strategic idea that could help our youngsters get jobs. There were redundant things in the budget and I did not see any central idea
Abolition of DDT, tax relief to middle class and lower middle class segments along with simplification of the tax regime will improve public sentiment and augur well for the economy.
The Budget has done a great job of supporting growth by tweaking taxes and facilitating the development of core sectors like agriculture and allied activities, renewables, exports and social sectors with thrust on digitisation. This is strongly posit
Just platitudes & slogans. Nothing substantial to alleviate peoples\' misery, the growing unemployment, rural wage crash, farmers\' distress suicides and galloping prices.
Dy leader of Oppn in Rajya Sabha
Budget is insipid lacking in stimulus for growth. No clear roadmap for job creation.
This new tax regime will reduce tax burden on common man. It will pave the way for an efficient tax system, in sync with the best practises in the world.
Partner- Infrastructure & Govt Services
Reduction in corporate tax rate to 15% for new power generation will help new investments in renewable generation particularly. This will provide a big boost for this sector.
Kiran Mazumdar Shaw
FM Sitharaman promises an end to tax harassment to India Inc., correcting Companies Act to decriminalise many non-compliances. A much needed message to infuse trust.
Subhash Chandra Garg
Former Finance Secretary
Hope GST estimation next year will be more realistic.
I\'ve never seen a liquidity crisis as bad as it is today. No matter how good the budget is if the oil in the mechanism of the economy is not working, the economy can\'t move.
There should be a proper packaging of infrastructure projects before they are announced.
Kiran Mazumdar Shaw
Our economic cancer needs immunotherapy not chemotherapy. We need to treat the causality not the symptoms - hope the Budget takes this approach. Wealth creation is a key part of our economic immune system!
There is no need for a further cut in corporate taxes. The corporate sector is sitting on cash and not investing due to a demand problem. The government needs to get the demand side going.
The focus would be on how government manages non-tax revenues given the fact that tax revenues are unlikely to show a big jump going forward.
I would like to see substantially more spending on infrastructure. That is the key ? for two reasons, one is that country needs it and good infrastructure will speed up the commerce and trading generally.
Former Finance Minister
Hope for the best, prepare for the worst
Chief India Economist
We think they will try to tighten the goods and services tax (GST). We are expecting higher GST revenues in FY21. We expect a GST buoyancy of 1.2 which is quite high, last year it was about only 0.5.
Vice-chairman & CEO
There should be four broad themes of the Budge - Housing, capital market reforms, re-alignment of personal tax rates to boost consumption, and a focus on the rural economy
Chairman & CEO
My expectation would be that government does expand on the disinvestment programme and raise a lot of revenue through asset sales.
We want the Centre to make several announcements about Delhi so that people benefit, and Delhi?s development is fast-tracked.
The government could focus on creating demand. Whether it is incentive through a tax cut for buying houses to income tax or GST cuts there are multiple options that the govt can choose from to revive demand.
At a time when GST for EVs has been correctly lowered to 5%, we should consider lowering GST for petrol or diesel vehicles from 28 to 18%.
I would hope that the government comes up with a medium-term plan on how it will reach fiscal sustainability even if it has to go a little more in spending this time around.