The Budget introduced by FM minister is pro-business as well as pro-farmer.The increase in minimum support price for kharif crops by 1.5 times will help increase the farmer's income.
20% Custom duties on the mobile phone will boost domestic manufacturing while the lesser tax rate of 25 % for companies with turnover up to Rs 250 crore will help the small scale and medium scale industries.Infrastructure outlay of Rs 6 lakh crore will cause growth in the economy and generate more business.More announcements could have been made but the government is more focused on maintaining the fiscal deficit to 3.3% which will help the indian economy in the long run.'
PGP 2017-19
IIM Raipur
Major Increase in infrastructure spending especially on developing roads and railway networks is in line with the fast track approval of infrastructure projects throughout the last year and will significantly improve major connectivity issues across the country.
Dipesh Madaan
PGP 2017-19
IIM Raipur
It’s a Pro farmer and Pro-Poor Budget. The 150 % increase in MSP and increased expenditure on food processing sector is a much-needed relief for the farmers and the ailing agriculture sector.
Anurag Mittal
PGP 2017-19
IIM Raipur
The income tax slabs remain unchanged this year which is a little disappointing for the salaried class. It would have also helped the government to widen the tax base by encouraging people to file their tax returns.
Anirudh Sinha
PGP 2017-19
IIM Raipur
The FM has eyed the 2019 elections with this budget showing little concern about the fiscal deficit and increasing spending on food and agriculture sector and infrastructure projects.
Pooja Soni
PGP 2017-19
IIM Raipur
