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Leading Entrepreneurs & Industrialists React On Union Budget 2021

| Published on February 6, 2021

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.

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

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.’

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.

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.

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