Post budget reaction from R.S.Jalan, MD, GHCL

“The 20 percent higher allocation in infrastructure development in this budget shows the government’s thrust on renewing spurt in economic activity. The allocation of Rs 5.97 lakh crore for infrastructure spends which include the completion of 35,000 km under the Bharatmala project and targeted completion of 9000 km of national highways by end of FY19  will have a positive impact on the overall growth of the country. The textile sector gets an increased  allocation of Rs 7,148 crores from Rs 6,230 crores in the last budget. Overall the budget is very balanced with a youthful flavor on one hand which  focuses on growth and supporting innovation within the economy with special incentives for small and medium enterprises and on the other hand has something for the senior citizens as well as women”.

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