Adi Godrej, President, Confederation of Indian Industry (CII) and Chairman Godrej Group, says "critical issues have been adequately addressed in the Budget, and we look forward to 2013/14 as a year of revival".
What is the big takeaway for you from the budget?
The key takeaway is that the Budget revives investor sentiment and boosts confidence in the economy. Domestic and foreign investments have been emphasised, while inclusive growth and development have been accorded top priority. We feel that this Budget will lead into the next positive cycle for growth and investments.
What do you think is the outlook for the economy?
The economy has been projected to grow at a nominal rate of over 12 per cent, and this is feasible. The Budget remains true to the fiscal consolidation map which will boost growth and hopefully, bring down inflationary pressures.
What is the one thing that stood out for you from the Budget?
CII had called for the Budget to address fiscal consolidation, revival of investment and consumption, and inclusive growth. These critical issues have been adequately addressed in the Budget, and we look forward to 2013/14 as a year of revival.