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Budget fully consistent with macro objective says Birla
Our Bureau
MR KUMAR MANGALAM BIRLA
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Mumbai
Feb. 28
Mr Kumar Mangalam Birla, Chairman, AV Birla Group of companies, said that the Union Budget was fully consistent with the macro objective of keeping India's economy on a high growth trajectory. But even while fanning the fires of growth, the focus was distinctly on the human face and ensuring that India's economic growth percolates down to the grassroots.
What was commendable is that these twin objectives were sought to be achieved without compromising on fiscal prudence, policy stability and commitment to reforms.
Farm Sector
A distinguishing feature of the Budget was the stepped-up thrust on the farm sector spanning key areas such as irrigation, farm credit, higher output of seeds and replenishment of ground water resources. The human face of the Budget clearly showed up in the measures aimed at delivering some succour to the less well off, the rural landless and the physically challenged.
It augurs well that education, healthcare, the marginalised communities and the unorganised sector now command a greater share of the nation's resources. The message was loud and clear that there cannot be sustained growth without inclusive growth.
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