Union Budget 2024: Greeting the Minister of Finance Nirmala Sitharaman to offer a pro-industry industry BudgetSunil Munjal, chairman of Hero Group, said keeping the fiscal deficit at 4.9 per cent and projecting a fiscal deficit of 4.5 per cent for the next few fiscal years was a commendable job. “He has not only announced it, but has said that borrowing will continue to decline as a percentage of GDP.” GDP “every year,” Munjal said.
He highlighted two key aspects of Tuesday’s session: Budget– one as a policy document and the other being the government’s intention for the next five years.
“He Budget “The budget has tried to cover all segments, across all age groups. It aims to cover women, start-ups, youth, rural agriculture and cities as economic entities. So, overall, it is a very balanced budget,” Munjal said. He said the budget was growth-oriented, recognising the need to boost employment and encourage youth to train in joint business.
“He Budget “Companies are also encouraged to support the government if they hire staff,” Munjal said. According to Munjal, the government’s decision to work with multilateral agencies to get money was a positive move. “But it has to be ensured that government agencies provide the guarantee for such funding. That was a very smart move and in some areas they expect the state government to contribute as much as a centre does,” Munjal added.
Munjal said increasing infrastructure spending by Rs 12 lakh was within expectations as this had already received a boost in the interim. Budget.
(Fountain: Republicabiz)
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