New Delhi: The Budget presented by Nirmala Sitharaman outlines a clear path towards sustainable and fair economic growth, with a strong emphasis on job creation. said Sanjiv Puri, President of CII, on Budget 2025-26. It aims to ensure that every Indian shares in the benefits of India’s progress, he added.
Comprehensive Roadmap for Inclusive Growth
The Budget introduces 9 key priorities under the Viksit Bharat initiative, aiming for:
Resilient
Prosperity
Environmental sustainability
Technological advancement
This roadmap marks a significant step towards achieving our goal of becoming a developed nation by 2047, added Puri.
A People-Centric Budget which balances equitable growth with fiscal sustainability. – Sanjiv Puri, President, CII on #Budget2024 #CII4Budget2024 #UnionBudget #BudgetSession2024 #Budget #BudgetDay #UnionBudget2024@nsitharamanoffc @nsitharaman @FinMinIndia @ITCCorpCom
The… pic.twitter.com/8hZ1cn0SgY
— Confederation of Indian Industry (@FollowCII) July 23, 2024
Budget 2024 Key Focus Areas
Ouri said the Budget prioritised employment, skill development, support for MSMEs, and the middle class. The finance minister’s speech included targeted measures for sectors such as:
Agriculture
Urban development
Encouragement to states for adoption of NextGen reforms
Promotion of a cycle of consumption, investment, and demand
The budget also provides support for startups and women entrepreneurs, noted Puri.
CII President Sanjiv Puri says, “There is a lot of focus on ‘Ease of Doing Business,’ with many areas being simplified. Very importantly, there is a comprehensive paper on next-generation reforms that addresses all factor costs. These are very strong statements. The budget… pic.twitter.com/tfPSiV7nj4
— All India Radio News (@airnewsalerts) July 23, 2024
Financial Management
Puri commended finance minister Nirmala Sitharaman for her “astute financial management by bettering the fiscal deficit target at better than expected 4.9 per cent of GDP for the current fiscal.” The finance minister focused on capital expenditure while maintaining the above target, which is no mean achievement considering the daunting external milieu and its impact on India, added the CII chief.
Budget 2024: CII president Sanjiv Puri, who is also the MD and CEO of cigarette to hotels conglomerate ITC, praised finance minister Nirmala Sitharaman’s astute financial management while praising the demarcation of 9 priorities for Viksit Bharat. Personal Finance Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
