Raghunath K, Country Representative, thyssenkrupp India on the recent budget

The Union Budget reiterates the emphasis on public investment to modernize infrastructure over the medium term. While balanced, the budget is favourable towards the manufacturing industry and MSMEs, given their vital role in strengthening the Indian economy. It expands the scope and idea of the Atmanirbhar Bharat and the newly announced PLI schemes will give a fillip to India’s future growth story.

The aim has been to veer towards new directions across multiple sectors like automobile, heavy engineering, and areas related to farm produce. This structural approach gives the right impetus and ensures a positive environment for a quick recovery in the aftermath of multiple waves of COVID. It will re-start the engine of growth and job creation. This budget is a practical and sustainable approach for the growth trajectory that India needs in the long term.