The Union Budget 2021 was recently presented by Finance Minister Nirmala Sitharaman for the next fiscal year. As per the Finance Minister, the proposed budget rests on six pillars, i.e., health and well-being, physical and financial capital and infrastructure, inclusive development for aspirational India, reinvigorating human capital, innovation and R&D, and ‘Minimum Government, Maximum Governance’.
Soon after the budget was introduced, many leading entrepreneurs started sharing their views on it and took to Twitter to post their thoughts.
Anand Mahindra
Philanthropist & Chairman of Mahindra Group, Anand Mahindra was one of the first industrialists to share his views on the latest budget. In his tweets is emphasized that in a time of unprecedented economic stress, the Govt’s responsibility was to spend enough to revive the economy or else face enormous human suffering.
He further added that he had one expectation from this budget: that we should be very liberal in terms of the targeted fiscal deficit. Which according to him was fulfilled.
In a time of unprecedented economic stress, the Govt’s responsibility was to spend enough to revive the economy or else face enormous human suffering. So I had one expectation from this budget: that we should be very liberal in terms of the targeted fiscal deficit. Box ticked.
— anand mahindra (@anandmahindra) February 1, 2021
Anuradha Acharya
CEO of Ocimum Bio Solutions and Mapmygenome, Anuradha Acharya was happy to see the increase in the healthcare budget increased by 137% this year. She added, ‘Glad to see the emphasis on prevention and wellbeing. It has been our mantra at @mapmygenome #UnionBudget2021 #Budget2021‘
Great to see the increase in the healthcare budget increased by 137% this year. Glad to see the emphasis on prevention and wellbeing. It has been our mantra at @mapmygenome. #UnionBudget2021 #Budget2021
Thanks@nsitharaman
@narendramodi https://t.co/dGS5AAoaGz— Anu Acharya (@anuacharya) February 1, 2021
Uday Kotak
Uday Kotak, chairman and managing director of Kotak Mahindra Bank seemed pretty happy with the budget as well. He called it ‘A Budget for growth with next-gen reforms’. He highlighted the points of the budget and wrote, ‘Specific reforms: disinvestment & monetization, opening up of insurance, cleanup plan for stressed assets. Sign of a self-confident India.’
A Budget for growth with next-gen reforms. Focus on healthcare, infra, financial sector. A stable tax regime, higher borrowings for capex.
Specific reforms: disinvestment & monetization, opening up of insurance, cleanup plan for stressed assets. Sign of a self confident India.
— Uday Kotak (@udaykotak) February 1, 2021
Kunal Bahl
Co-founder and CEO of Snapdeal Kunal Bahl highlighted the positives of the budget in regards to the startup sector in a three-tweet thread.
(1/2) The Budget 2021 holds out various positives for the start-up sector. The move towards providing social security benefits for gig workers will add a much-needed safety net that will help this sector grow in a sustainable way and help the many millions that are a part of it.
— Kunal Bahl (@1kunalbahl) February 1, 2021
On the broader economic development front, there are many positives around an aggressive growth driven approach with sizeable investments in healthcare and infrastructure. Overall a budget that enables the economy to play on the front foot. Exciting times ahead for 🇮🇳#Budget2021
— Kunal Bahl (@1kunalbahl) February 1, 2021
Bhavish Aggarwal
Co-founder of Ola Cabs Bhavish Aggarwal welcomed a ‘progressive & growth-oriented’ budget with his tweets. He stated that increased investment in insurance & infrastructure will open new avenues of capital.
Increased investment in insurance & infrastructure will open new avenues of capital. We strongly support govt's clean air focus with our EV plans that'll accelerate the world’s transition to sustainable mobility.#budget2021
— Bhavish Aggarwal (@bhash) February 1, 2021
