“Mining, agriculture, manufacturing (including electronics, which is a thrust area for the government) can all help increase domestic production, reduce imports and create millions of good jobs in India.” – Anil Agarwal, Chairman, Vedanta Limited
The Budget has hit the perfect note, providing great relief to the middle-class by making incomes up to ₹12 lakh per annum completely tax-free. This is the biggest section of the middle-class. It has also significantly reduced the tax burden for incomes up to ₹24 lakh.
We have made a decisive move to a world-class tax system which will be simple, transparent and friendly to taxpayers.
The spirit of tax reform is going to be seen in other parts of the economy with trust and self-certification at the core. This will provide a very big boost to manufacturing and mining.
I am delighted that mining is one of the six domains identified for transformational reforms over the next five years. Along with mining, agriculture is also a priority, particularly with the goal of achieving self-sufficiency in areas like edible oils.
Mining, agriculture, manufacturing (including electronics, which is a thrust area for the government) can all help increase domestic production, reduce imports and create millions of good jobs in India.
I congratulate the PM and FM for a visionary Budget which has stimulated the perfect jugalbandi of robust consumption growth and accelerated investment – the keys to a #ViksitBharat.”
By Anil Agarwal, Chairman, Vedanta Limited
