March 14, 2025
Wealth Management

Budget 2024: Finance minister balances fiscal management with equitable growth: CII president | Personal Finance News


Budget 2024: CII president Sanjiv Puri, who is also the MD and CEO of cigarette to hotels conglomerate ITC, praised finance minister Nirmala Sitharaman’s astute financial management while praising the demarcation of 9 priorities for Viksit Bharat.


The budget introduces nine key priorities under the Viksit Bharat initiative. (Image: PTI)

New Delhi: The Budget presented by Nirmala Sitharaman outlines a clear path towards sustainable and fair economic growth, with a strong emphasis on job creation. said Sanjiv Puri, President of CII, on Budget 2025-26. It aims to ensure that every Indian shares in the benefits of India’s progress, he added.

Comprehensive Roadmap for Inclusive Growth

The Budget introduces 9 key priorities under the Viksit Bharat initiative, aiming for:

  • Resilient
  • Prosperity
  • Environmental sustainability
  • Technological advancement

This roadmap marks a significant step towards achieving our goal of becoming a developed nation by 2047, added Puri.

Budget 2024 Key Focus Areas

Ouri said the Budget prioritised employment, skill development, support for MSMEs, and the middle class. The finance minister’s speech included targeted measures for sectors such as:

  • Agriculture
  • Urban development
  • Encouragement to  states for adoption of NextGen reforms
  • Promotion of a cycle of consumption, investment, and demand

The budget also provides support for startups and women entrepreneurs, noted Puri.

Financial Management

Puri commended finance minister Nirmala Sitharaman for her “astute financial management by bettering the fiscal deficit target at better than expected 4.9 per cent of GDP for the current fiscal.” The finance minister focused on capital expenditure while maintaining the above target, which is no mean achievement considering the daunting external milieu and its impact on India, added the CII chief.





Source link

Leave a Reply

Your email address will not be published. Required fields are marked *