Union Budget Reaction 2022 by Mr. KE Ranganathan, MD, Roca Bathroom Products Private Limited

“The budget 2022 lays foundation for the next 25 years of sustainable growth and a right step towards making India ‘Aatmanirbhar’. The government’s continued impetus on urban planning, housing and overall infrastructure development will have a multiplier effect while putting emphasis on more job creation and inclusive growth. The allocation of ₹ 48,000 crore under PM Awas Yojana for developing 80 lakh houses in both rural and urban areas, availability of affordable housing for the middle-class and economically weaker sections and dedicating Centers of excellence for urban planning will form the bedrock of improving the standard of living of the people and address the demand and supply gap in the housing sector.

The increase in capital expenditure will spur the demand for services and manufactured inputs by large enterprises and MSMEs, enabling speedy economic recovery and eventually result in increased disposable income. We are also looking forward to the unfolding of the PM Gatishakti framework as it will increase the supply-chain efficiency and reduce the logistics cost.

Furthermore, the “Har Ghar, Nal Se Jal” has proved to be a major success in the last two years and a further push to the same is going to play a major role in the betterment of rural and semi-urban communities and will aid drinking and sanitation needs.                                                                                                                                          

In conclusion, an increased impetus on production linked incentive schemes, creation of jobs, digitization of the economy, modern infrastructure and most importantly a budget promoting inclusive development of all communities is going to help India move towards a futuristic growth path.”