The Union budget has a long-term view for the growth of the economy and lays down a clear path of anchoring India’s growth in an uncertain global economic scenario.
It has a number of medium- to long-term measures that are bound to boost the overall industry and investor sentiment. The continued commitment to improve ease of doing business in India along with fostering a conducive environment for research and development is a very positive outcome of the budget. There are a number of well-defined measures for energising key sectors and bringing more and more people into the mainstream economy.
The vitality brought in by venture-funded start-ups has contributed to the positive outlook for the country. Government’s further support to broad-base the start-up phenomenon by focusing on the hitherto disadvantaged groups under the ‘Stand Up India’ initiative is a great beginning.