Traders describe Budget as 'growth oriented'
1 Feb 2018 11:48 PM IST
New Delhi: Terming the General Budget-2018-19, which was presented by Union Finance Minister Arun Jaitley on Thursday as 'progressive and growth oriented', traders said that budget has demonstrated the intent of the Central government to boost investments in education, healthcare and social sectors. The measures taken by the government will have long-term positive impact on Delhi, they said.
Sanjay Gaur, Chairman of Apex Chamber of Commerce and Industry of Delhi (East Delhi), termed it a balanced and progressive budget but added that Government should have announced some immediate relief for businessmen concerning Delhi.
"Basically, the budget aims to boost infrastructure in rural areas. It will also create huge employment. The allocation for food processing industry is doubled to Rs 1,400 crore that will be definitely very encouraging," he added.
SK Maheshwari, general secretary of Parparganj Entrepreneurs' Association, said he was disappointed as small scale sectors were left out from the budget purview.
"The 'Make in India' is an ambitious scheme of the Prime Minister but still the sector has been ignored. This sector provides more jobs after agriculture sector so it should have prioritised," he said.
Boosting investments in rural development, education, healthcare, tourism, food processing industries and social sectors will have long lasting impact in creating jobs and well beings, said Pradeeep Gupta, a trader and former Khari Baoli market. He further said the proposal would lead to continue and inclusive economic growth. "The budget also emphasises on the rural economy, education, agriculture, infrastructure, health and social security among others. There are slew of measures in the budget to kick-start the investment activity in the economy, creation of demand in the rural economy, Gupta added.
Sushil Goel, a trader at Chandni Chowk said the strong push for infrastructure will also support this growth agenda.
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