Interim Budget 2024 | Thoughts from business leaders #3

The interim budget presentation by Finance Minister Nirmala Sitharaman saw highlights on a few aspects such as sustainability, infrastructure, and most importantly technology. Here are some quotes from business leaders on the interim budget.

Tarun Joshi, CEO & Founder, Join Ventures & IGP

Today’s interim Union Budget is a positive stride for economic progress, notably with extended tax benefits for startups. As IGP’s CEO, I value the government’s commitment to empowering the private sector and fostering technology. Our ‘Made in India’ brand supports over 10,000 artisan families in Rajasthan, showcasing Join Ventures’ Vocal For Local ethos. With initiatives like PM-Vishwakarma Yojana, we eagerly anticipate the complete budget in July for deeper insights into the government’s vision. The convergence of technological focus and support for local artisans aligns seamlessly with IGP’s mission, contributing to business growth and prosperity for countless artisan families.

Deepak Sahni, Founder, Healthians

At Healthians, we applaud the government’s visionary strides in the 2024-25 budget, notably prioritizing cervical cancer vaccination for young girls and integrating maternal and child care schemes under the U-WIN platform. The emphasis on comprehensive healthcare aligns seamlessly with our mission. The extension of Ayushman Bharat cover to Anganwadi and Asha workers underscores their invaluable role in grassroots health. As proud contributors to India’s health landscape, we stand committed to realizing a healthier and more resilient nation in harmony with these progressive initiatives.

Amitt Nenwani, Founder, Wahter

At Wahter, we welcome the progressive and tech-savvy initiatives outlined in today’s interim Union Budget. The allocation of Rs 1 lakh crore and interest-free loans for our tech-savvy youth signals the dawn of a golden era, fostering innovation and private sector leadership in cutting-edge research. We commend the government’s focus on women’s empowerment through entrepreneurship and the impressive increase in female enrollment in higher education. These promising steps align with our commitment to progress. As we eagerly await further details in July, we look forward to witnessing the government’s vision unfold for a digitally advanced and inclusive India.

Avinash G Singh, Executive Vice President, Investment Research and Advisory, Aranca

 “India’s Finance Minister, Ms. Nirmala Sitharaman, presented the interim budget for 2024,
coinciding with the upcoming General Elections scheduled to be held this year. The key takeaways
were not beyond expectations, considering that the main budget will be presented once the new
government is sworn in at the center. That said, the FM’s focus on tourism, air and road connectivity,
affordable housing, and healthcare in her speech reflects the government’s long-term plans to improve the quality of life for the middle class through multi-year initiatives.  Additionally, the proposed provision of 300 units of free electricity for 10 million households under the new solar power policy also underscores the government’s commitment to advancing investments and development within the renewable energy space.

Ravi Reddy, Chief Strategic Officer, Simplify3x

The Union Budget 2024 reflects a forward-looking perspective with ambitious goals, envisioning a
prosperous India in harmony with nature and bolstered by modern infrastructure to achieve a
developed India by 2047. Simplify3x is wholeheartedly aligned with Finance Minister Nirmala
Sitharaman’s vision of inclusive growth, emphasizing collective progress ‘Sabka Sath, Sabka Vikas’.
To catalyze technological innovation on a larger scale, a novel initiative has been introduced,
involving the creation of a ₹1 lakh crore corpus, providing a 50-year interest-free loan. This strategic
move aims to offer long-term financial support with extended tenures and minimal interest rates,
ushering in an era of unparalleled development and golden opportunities for all stakeholders.