Industry bodies welcome growth-oriented Budget announcements

Finance Minister Nirmala Sitharaman presented the ninth consecutive budget, which has been lauded by industry bodies and economists for its growth-oriented approach. The budget emphasizes infrastructure development, including seven high-speed rail corridors, and supports small farmers with initiatives like credit-linked subsidies and livestock-based FPOs. The India Semiconductor Mission 2.0 will focus on research and training centers, aiming to reduce dependence on other countries in the technology sector. The budget also includes increased allocations for healthcare, education, skill development, and environmental sustainability. Overall, the budget aims to promote inclusive economic growth while strengthening infrastructure, industrial capacity, and human capital.