New Delhi, July 24: Union Budget 2024-25, which was presented by Finance Minister Nirmala Sitharaman on Tuesday, evoked mixed responses from various quarters.
But theFederation of Indian Chambers of Commerce and Industry (FICCI) has appreciated the Union Budget and called it as "inclusive with thrust on quality job creation and skilling". Federation of Indian Chambers of Commerce and Industry (FICCI) has appreciated the Union Budget and called it as "inclusive with thrust on quality job creation and skilling".
Sharing his opinion on the Union Budget 2024-25, Dr Anish Shah, President, FICCI said, "FICCI congratulates Finance Minister Sitharaman for delivering a growth-oriented budget that has delivered both short term demand stimulus and actions focused on medium to long term growth imperatives, while maintaining fiscal discipline. The budget is inclusive, with a strong thrust on quality job creation and skilling. It also strikes a balance between agriculture and manufacturing, with elements of services."
He further stated that there is continuity in policy announcements. The focus on simplification and ease of doing business, boost to manufacturing, focus on research and innovation, thrust on public capex, use of technology, support to women, farmers and MSMEs, and promoting sustainability are the key themes that resonate once again in this Union Budget proposals.
Dr Shah continued, "The focus areas of budget are very much in line with the FICCI’s key priorities for the industry and we are happy to note that many of FICCI’s suggestions have been considered in this budget, as seen in the proposals for accelerating agriculture research, enhancing participation of women workforce in manufacturing, factor market reforms for improving manufacturing competitiveness as well as measures to promote green economy."
