Amit Agrawal, CFO, Aon India Insurance Brokers Private Limited
“It needs courage and resilience to bring a Union Budget devoid of populism in an election-bound economy. Sustaining budgetary balance while expanding capex bonanza is a welcome directional change and it seems a right step towards fiscal prudence, at a time when external factors necessitate softening policies.
While the Budget ignored demand for GST cut on health products, a booster dose for the sector is that surety bonds offered by insurers can now be used for government procurements. All in all, a giant stride in the foundational direction for two and half decades, this progressive budget seeks to steer the economy and fire up the growth engines with a thrust to spur infra and foster digitalisation.”