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Budget to ensure economic stability, says FICCI

Overall, the Budget proposals are in line with the development priorities of the nation and the finance minister has made a strong attempt to pump prime the rural economy and infrastructure sectors, Harshavardhan Neotia, President, FICCI, said.

“This would yield dividends and we foresee a multiplier effect in the form of demand generation and employment creation over time. The state of the agriculture sector on account of two consecutive years of monsoon failure was precarious and it deserved the attention that was needed,” Neotia said while commenting on the annual Budget.
 
“Additionally, we see a lot of emphasis on affordable housing which will also result in forward and backward linkages and thus propel growth. Sticking to the fiscal framework is another major plus and should offer comfort to the international community. Attempts towards tax simplification and improving the tax litigation framework are also noteworthy,” he said.