With adequate focus on farming, social sector, infrastructure and fiscal prudence, the Union Budget 2016-17 is broad-based.
The target to double farmer’s incomes by 2022 is ambitious and higher allocation for irrigation schemes and crop insurance will positively impact the sector going ahead.
Increased thrust on government investments in infrastructure will aid economic growth now that private sector investments are subdued.
Substantial enhancement in allocation to Gram Panchayats and municipalities will empower them and help accelerate development.
(Sanjay Kirloskar, Chairman, CII Western Region)
