The reduction in corporate tax rate from 30 per cent to 25 per cent will boost investor confidence and encourage companies to continue the process of job creation and overall growth.
The plan on regulatory reform for infrastructure and single-window clearances will enable more overseas investment into the sector.
The ambiguities in the provisions relating to indirect transfers have been suitably addressed in this Union Budget to eliminate scope for discretionary exercise of power.
The ingenuity of this Budget lies in the government's intent to manage cash flows into the economy without merely resorting to increasing taxes.
It may not have been the 'Big Bang' Budget that most were expecting, but Mr Jaitley has succeeded in creating a pro-growth and pro-investment roadmap.
The automobile industry accounts for a significant share of the country's manufacturing GDP... Some favourable measures would have given a fillip to the industry.
In this Budget, we might have missed an opportunity to drive 'Make in India' in computers, writes Amar Babu, managing director, Lenovo India.
The focus on Swachh Bharat will greatly benefit the health of our farmers, as also create employment.
It also clearly lays down the GST implementation timeline to April 2016 and that is a welcome step for the entire consumer goods industry as it helps demand and reduces cost of doing business.
We appreciate the government's intent on making India a manufacturing hub through various initiatives including ease of doing business.
The Budget is well-intentioned, reformative, rehabilitative, pragmatic, inclusive and growth-oriented.
The direction on reducing the corporate tax rates from 30 per cent to 25 per cent will probably help the FMCG sector to maintain the prices, thereby accelerating the conversion.
The Budget shows intent to support organic farming and continued support for micro irrigation and watershed management.
While micro and small enterprises are fairly well targeted in this budget, there is no coverage or mention of the housing finance needs of these categories.
Business Today held a Twitter chat with RPG Enterprises Chairman Harsh Goenka on whether Finance Minister Arun Jaitley's first full Budget met the industry's expectations or not.
While the Budget mentioned the National Optic Fibre Network connecting 2.5 lakh villages with 7.5 lakh km of optic fibre, it needs to be noted that simply laying fibre will not make it an operational 'network' without huge private sector investments.
The Budget is a step forward in similar pragmatic thinking. This budget attempts to give a direction that, if well implemented, will inspire confidence that India is serious about economic growth that is truly inclusive and balanced.
This is a Budget that will revive long-term growth, provide opportunity and protection to the poor and more vulnerable, while remaining fiscally prudent.
"We were expecting a strong impetus towards domestic demand creation that can lead to growth of India's manufacturing secto," writes Future Group CEO Kishore Biyani.
A target to achieve Rs 8.5 lakh crore for the farm credit through bank network will provide much needed credit to the farming community.
The allocation of Rs 33,150 crore for the sector is similar to the outlay in previous budgets and does not translate to the much anticipated increase from 1.2 per cent of GDP spend to 2 per cent spend, writes the co-founder and chairman of Medwell Ventures.
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