Budget 2022 Reflects Vision For Inclusive Development, Says Piyush Goyal | Highlights

Naveen Patnaik on Budget 2022: The focus of Budget 2022 on tech and infrastructure-led growth will have a positive impact. Production-linked initiative schemes in 14 sectors &extension of Emergency Credit Line Guarantee Scheme would be helpful in mitigating supply-side constraints: Odisha CM &BJD chief Naveen Patnaik

Piyush Goyal on Budget 2022: Tax burden on the middle class has already been reduced quite a lot. Our efforts are to conserve resources & increase opportunities & income…Privately issued cryptocurrencies are not govt recognized legal tenders & will have a 30% tax: Union Commerce & Industry Minister Piyush Goyal

Expert’s reaction on Budget 2022: Navneet Ravikar, Chairman & Managing Director, Leads Connect Services, said, “Knowing that agriculture is the backbone of our economy, it’s revitalizing to see that the budget prioritized agritech, especially with the push on DeepTech like AI and geospatial systems. They will go a long way towards making the industry sustainable and bringing it into the 21st century. A more positive aspect was monitoring agriculture with Kisan Drones as well as digitizing land records. They will be the biggest leap towards the adoption of technology, bringing change at a national level. Another much-welcomed part of the budget was the promotion of chemical-free and natural farming in the country. Taken together, all these measures will drive the sector and get the ball rolling towards higher growth.”

Expert’s reaction on Budget 2022: Ahmed ElSheikh, President, PepsiCo India said, “Reviving economic growth, increasing consumption, and fostering investment to fuel post-pandemic growth have been key objectives for the government, and the Union Budget 2022 reflects this very intent. This year’s Union Budget lays forth a vision for India at 100 years. The Government is leading from the front by raising public sector spending to keep the economic recovery on track. Digitization combined with infrastructural creation will accelerate economic development, stimulate innovation and entrepreneurship enhance living standards while keeping sustainability at its core. The increased outlay for PM Gati Shakti projects for multi-modal connectivity including 100 new railways logistics hubs coupled with steps like enhancing local oilseed production, extending the last date for starting production for new manufacturing units, encouraging alternate cropping will aid growth of the FMCG sector and further strengthen Govt’s vision of an Atmanirbhar Bharat”.

Expert’s reaction on Budget 2022: Ahmed ElSheikh, President, PepsiCo India said, “Reviving economic growth, increasing consumption, and fostering investment to fuel post-pandemic growth have been key objectives for the government, and the Union Budget 2022 reflects this very intent. This year’s Union Budget lays forth a vision for India at 100 years. The Government is leading from the front by raising public sector spending to keep the economic recovery on track. Digitization combined with infrastructural creation will accelerate economic development, stimulate innovation and entrepreneurship enhance living standards while keeping sustainability at its core. The increased outlay for PM Gati Shakti projects for multi-modal connectivity including 100 new railways logistics hubs coupled with steps like enhancing local oilseed production, extending the last date for starting production for new manufacturing units, encouraging alternate cropping will aid growth of the FMCG sector and further strengthen Govt’s vision of an Atmanirbhar Bharat”.