“Moreover, the budget’s focus on the MSME sector, with a proposed allocation of over ₹22,000 crore, is a welcome move. This will foster innovation, job creation, and strengthen the economy.”
The Union Budget’s substantial allocation of over ₹11.11 lakh crore, nearly 3.4 per cent of India’s GDP, for infrastructure is a clear catalyst for accelerated growth. This, coupled with the significant push of ₹2.2 lakh crore towards affordable housing under PMAY-Urban, creates a robust pipeline for the construction and allied sectors. We anticipate increased business opportunities and a positive impact on employment generation. Moreover, the budget’s focus on the MSME sector, with a proposed allocation of over ₹22,000 crore, is a welcome move. This will foster innovation, job creation, and strengthen the economy. The budget’s overall direction aligns with the government’s vision of a ‘Viksit Bharat’ by 2047, providing a strong foundation for sustainable and inclusive development.
By Sorab Agarwal, Executive Director, Action Construction Equipment Ltd.
