By Sachit Nayak, Country Controller & Finance Director, Eaton, India.

Pathbreaking budget that would drive Indian economy and deliver on Amrit Kal goals. FMs seven saptarishi is a step in the right direction and aptly will catapult Indian economy to newer heights. FM has touched major segments wherein significant investment outlay has been budgeted that are growth drivers  i.e. Infrastructure, Railways, agriculture, MSMEs, cooperatives, etc. another notable thing is the discipline to get fiscal deficit to under 4.50% progressively in the next 3 fiscal years. Middle class income tax payers would be in happy camp with 5 key measures. This should help drive consumption thereby fueling growth in economy. Reducing basic customs duty structure, simplified tax structure and several sops for agriculture & cooperatives are positives. Overall, I will classify this as growth budget, will lead to ease of doing business and attract investments.