Industry Chambers have welcomed the budget saying it will give a boost to investment, agriculture and rural sector. Talking to AIR, CII DG Chandrajeet Banerjee said, there are several initiatives for ease of doing business.
Federation of Indian Chambers of Commerce and Industry (FICCI) said that the Union Budget could be a step towards further empowering individual, industry and the nation as a whole. FICCI President Sangita Reddy said, individual should be happy because of reduction in the personal income tax.
Ms. Reddy said both the culture of trust and the appreciation are very significant and FICCI will look forward to the implementation of proclamation by the Finance Minister.
Talking to AIR, Assocham Vice-President Vineet Agrawal said the budget will kick-start the economy. He appreciated the reduction in personal income tax and said it will bring more money to their hands and subsequently boost consumption.