Finance Minister Nirmala Sitharaman presented her sixth consecutive Budget, which, at 58 minutes, was her shortest-ever Budget speech.
As expected, the interim Budget did not announce any major policy changes. While agriculture, electric vehicles, small industries, and women empowerment saw specific policies, other areas such as taxation, climate, and tech found brief mentions.
Sitharaman’s speech also outlined PM Modi’s vision for “Viksit Bharat (developed India) by 2047.
Reactions to the Budget were mixed, with some businesses praising its vision of a developed country by 2047 and others disappointed by the lack of individual tax breaks.
Here are some reactions from corporate leaders on X:
Anand Mahindra Chairman of Mahindra Group
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For many years, I have been saying that we create too much drama around the budget and raise expectations of policy announcements to an unrealistically feverish pitch.
The Budget is NOT necessarily the occasion for transformational policy announcements. Those can, and should,… pic.twitter.com/hfqxnw4IUa
— anand mahindra (@anandmahindra) February 1, 2024
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For many years, I have been saying that we create too much drama around the budget and raise expectations of policy announcements to an unrealistically feverish pitch.
The Budget is NOT necessarily the occasion for transformational policy announcements. Those can, and should,… pic.twitter.com/hfqxnw4IUa
— anand mahindra (@anandmahindra) February 1, 2024
Ajay Rotti, CEO, Tax Compaas
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The best part of today in the office has turned out to be the team lunch we order for every #Budget day! Each year, we eat in a hurry at the desk and get down to reading the Finance Bill. This year… we will eat leisurely! Highlight of the day now.
— Ajay Rotti (@ajayrotti) February 1, 2024
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The best part of today in the office has turned out to be the team lunch we order for every #Budget day! Each year, we eat in a hurry at the desk and get down to reading the Finance Bill. This year… we will eat leisurely! Highlight of the day now.
— Ajay Rotti (@ajayrotti) February 1, 2024
Nilesh Shah, Managing Director at Kotak Mahindra Asset Management
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The Vote on account should act as a catalyst to push consumption at the bottom
Of the pyramid to grow as fast as the top of the pyramid and private sector investments to grow as fast as the government investments.This catalysts along with fiscal prudence will make India…
— Nilesh Shah (@NileshShah68) February 1, 2024
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The Vote on account should act as a catalyst to push consumption at the bottom
Of the pyramid to grow as fast as the top of the pyramid and private sector investments to grow as fast as the government investments.This catalysts along with fiscal prudence will make India…
— Nilesh Shah (@NileshShah68) February 1, 2024
