Budget Reaction From Indian Industry Veterans

 Budget 2022 is the Most Anticipated event of 2022 As Union Finance Minister Nirmala Sitharaman presented her fourth Union Budget and the Narendra Modi government's 10th budget on Tuesday.

Every year Budget becomes the Talk of the Nation and there are few who react Positively on budget and there are many who are not.
Here we bring you the Budget Reactions from the Key people from Various Indian Industry.

 

Budget Reaction From Alok Dubey, Chief Financial Officer, Acer India

“The Union Budget announced today showcased the government's initiative towards Digital Transformation. From announcing a Digital University, for online learning to high-quality e-content across languages will enable the youth to skill, upskill and reskill themselves. These programs under digital learning and the connectivity expansion will further strengthen the availability and accessibility of internet in rural areas.

With Govt infrastructure spending push, we are likely to see more employment and growth opportunities and enhanced private sector investment in manufacturing. We are confident that the exemption of duty on parts of select electronic items will further boost the domestic manufacturing of electronics goods under the PLI scheme. Overall, the Union Budget 2022-23 is a promising budget and a step forward towards ‘Aatmanirbhar Bharat’.”

Budget Reaction From
Ramanujam Komanduri, Country Manager, India, Pure Storage:

“The Union Budget 2022 expectedly turned out to be a growth-oriented budget. The government is focused on reviving the economy through various programs across industries and especially MSMEs, which were hardest hit by the pandemic. The rollout of the Raising and Accelerating MSME Performance program will help address the challenges faced by the sector, through injection of liquidity and ease of compliance norms. The Credit Guarantee Trust for MSME will not only enable them to revive their businesses with additional funds but also enhance employment opportunities and enable job creation.

There is also a strong push for digital transformation in the education sector by announcing Digital University and high-quality e-content across regional languages for the students to skill, upskill and reskill the youth. Addressing the structural challenges in the education landscape, the government has focused rightly on upskilling and digital learning. Another impactful announcement is the confirmation of the auction of 5G spectrums this year which will improve accessibility, speed, and availability of the internet across India and particularly in rural areas. This budget’s emphasis on Digital India will further attract investment and put India firmly on the global innovation map.”

Mr. G. Srinivasan, CEO, Athulya, Chennai  Reacted on the  Elder care service industry

“The Union Budget 2022 is forward looking with emphasis on mental healthcare. They have taken into consideration the increasin
g cases of mental health problems and have made provisions to offer quality counselling and care for people across all age groups. It will be beneficial to most of our elderly population post the pandemic. Another progressive move by the government is the launch of DESH-Stack eportal for skilling and reskilling citizens. This will address the current need to enhance the skills of existing healthcare workers. The continuous development programs will be a game changer across all sectors, facilitating knowledge creation for people by grooming them to fit the industry requirements, eventually opening-up greater employment opportunities.”

Athulya, headquartered in Chennai, is India’s largest Assisted Living and leading home-healthcare service provider that offers services such as assisted living in senior living communities, senior living rental model, geriatric home healthcare services, and many more.