Reactions to the Union Budget, 2019
February 2019

Image Courtesy: Economic Times
Image Courtesy: Economic Times


Rahul Paith, CEO,
This union budget has further showcased the government’s intent to provide an equal opportunity to small and medium businesses. The thrust on Digital India and massive penetration of Mobile internet is propelling the consumers to not only visit the e-commerce platforms thereby increasing the top lines of consumer product companies but also in enhancing the awareness about the product innovation which could meet their needs. Lesser income tax burden is one of the most important announcements impacting the large strata of the country thereby making higher available money on consumer products.


Sanjiv Puri, MD, ITC Limited
The Interim Budget proposals should augur well for the Indian economy by providing a growth impetus through a boost in consumption as well as an inclusive framework designed to benefit agri and rural communities, unorganised sector workers as well the middle class. The PM Kisan Samman Nidhi programme will indeed go a long way in enabling empowerment of rural communities.


Nilesh Jain,Co-founder, Aainos
The central government’s role in the healthcare sector of the country has increased drastically with Budget 2019, and so will the pressure on the transparency of care and the financing of the same.  Adoption of new technology, AI and transparency controls via deployment of unified cloud system will help speed the success story of Ayushman Bharat



Manish Sacheti, CFO, Ziqitza Healthcare Ltd
We applaud the Government on the announcement of a budget directed towards the lesser privileged and middle class population. The budget this year has indeed addressed a lot of issues that will help the economy to prosper. The success of the Ayushman Bharat Scheme is commendable and we are glad that the healthcare sector of the country is undergoing a significant transformation. We hope that the Skill India program will include training of youths to become dedicated paramedics to help efficient and quality ambulance services. 


Shreeraj Deshpande, Principal Officer, Future Generali India Insurance
The Interim Budget was well planned and appropriately directed towards middle-class taxpayers of the nation. The small farmers will also get relief giving a boost to the agriculture sector. This budget would increase consumption by giving more disposable income for the middle class to spend. We can expect the overall economy to move ahead. The focus on Ayushman Bharat continues and overall a good budget. 



Dr. Alok Roy, Chairman, Medica Hospitals Pvt Ltd
Now that the Interim Budget is announced, people of the country will look forward to how best the policies are implemented. In terms of healthcare, the citizens of India, will look forward to even better facilities and more infrastructural developments in deeper pockets and hinterlands. Upgrading the national health mechanism should always be a primary agenda for any government to come. 


Dr. Vikram Shah, Chairman & Managing Director, Shalby Limited
This budget can be a gamechanger for the Indian economy and society in the years ahead. Three major provisions have been announced – direct income support to 12 crore farmers, pension scheme for poor workers in the unorganized sector, and full income tax rebate till an income of Rs 5 lakhs. The ongoing Swachh Bharat Mission, 98% sanitation coverage in rural areas, and schemes like Ayushman Bharat and free LPG connections are positively impacting healthcare parameters of the society. However, the Government should have taken some positive steps towards increasing the public healthcare expenditure.





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