Budget outlines comprehensive roadmap for sustained economic growth: Kiran Mazumdar-Shaw

Bengaluru, NT Bureau: Biotechnology industry veteran Kiran MazumdarShaw on Thursday said in the interim budget, Union Finance Minister Nirmala Sitharaman has outlined a comprehensive roadmap for sustained economic growth that will enable India to achieve developed economy status by 2047.

She termed it as an "all encompassing growth focused" budget, which augments inclusive economic development.

"In the interim budget, Finance Minister Nirmala Sitharaman has outlined a comprehensive roadmap for sustained economic growth that will enable India to achieve developed economy status by 2047. Her emphasis on research and innovation, bio manufacturing, robust infrastructure development, and technologydriven digital transformation augur well for India to deliver on aspirational yet people-centric, inclusive development," MazumdarShaw posted on 'X".

The executive chairperson of Biocon Limited said, "No tax change, 'Viksit Bharat' mantra in last budget before polls - an all encompassing growth focused interim budget which augments inclusive economic development.

Bio manufacturing and research financing to boost innovation and green technologies is positive." In his reaction, Volvo Group in India President & MD Kamal Bali said, overall it is an "outstanding" interim budget.

"The interim budget by the FM continued upholding India's impetus on inclusive and sustainable growth, backed by responsible and efficient governance. It was a pleasant surprise to see aggressive fiscal deficit goals and stable macroeconomic performance, while furthering capex on physical infrastructure as well as DPI (Digital Public Infrastructure), he said in a statement. The one-lakh crore support to technology and innovation is a very thoughtful and a compelling idea that will propel India on course to Viksit Bharat. Likewise, is the focus on farm sector and MSMEs, he added. Porter CEO & Co-Founder Uttam Digga said driven by the goal of people-centric inclusive development, we appreciate the continued focus on developing MSMEs.

"With the aim to give them greater accessibility, affordability and availability, we are happy to see MSMEs receiving access to adequate finances, training and technology. MSMEs make up the backbone of the Indian economy, and this push will help them compete on a global scale," he said in a statement.