For Quick Alerts
For Daily Alerts

Industry Voices on Budget 2020


Today's budget announcement by the Union Minister Nirmala Sitharaman, the Sensex lost close to 1,000 points, making it the highest loss so far. Most industry heads have expressed a mixed reaction on the slew of reforms proposed in the current budget for 2020.

Let's have a look at who said what on Budget 2020:

Industry Voices on Budget 2020

Prathap C. Reddy, Group Chairman of Apollo Hospitals said that it is "A farsighted budget, it is commendable that the FM has announced innovative initiatives that will enhance ease of living, improve the health quotient and boost opportunities for education & job creation, for all sections of our society and meet the expectations of an aspirational India."

"Directionally, it is a sound Budget and I am happy to see the government's focus on reviving economic growth," said Biocon CMD Kiran Mazumdar Shaw. The proposed amendments to the Companies Act for removing criminal action in case of tax disputes is a step towards infusing trust among India Inc, She added.

RPG Enterprises Chairman, Harsh Goenka said that "Amidst global turbulence and nations dealing with bushfires & the coronavirus, Ms Sitharaman has looked to craft a granular long term strategy to focus on vital issues."

Pawan Goenka, MD of Mahindra & Mahindra said that "Right areas of thrust for manufacturing - to be part of GVC, attract investment in electronics, focus on quality and facilitate export. Urgent implementation will be key."

"Optimistic about the government's support to rural economy towards increasing investment & consumption", noted Nissan India Managing Director Rakesh Srivastava.

Read more about: budget 2020 union budget
Story first published: Saturday, February 1, 2020, 18:52 [IST]
Company Search
Get Instant News Updates
Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more