Union Budget 2016: India Inc Welcomes the General Budget

February 29, 2016

Federation of Indian Chambers of Commerce & Industry (FICCI) president Harshavardhan Neotia on Monday said that General Budget presented by Finance Minister Arun Jaitley is positive one. He felt there is a clear thrust on growth and development.


Though he said that we expected some clarity on the corporate tax. However, it is good budget because it has given relief to individuals.

Overall it is development oriented budget, he added.  He strongly felt that the private investment will return to India.  Managing Director of FICCI Sanjay Bhatia has welcomed the budget.  Confederation of Indian Industry (CII) Sumit Mazumder has also hailed the udget and said this can reset growth in future.

ASSOCHAM president Sunil Kanoria said budget is in a positive direction and will spur growth. This can create demand in the rural area.


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