CII President Sanjiv Puri on Budget Focus: 'Ease of Doing Business' & Next-Gen Reforms

4 months ago

Video details:

CII President Sanjiv Puri highlights the focus on 'Ease of Doing Business' with many simplifications and a comprehensive paper on next-generation reforms addressing all factor costs. The budget also covers numerous suggestions from CII members. #EaseOfDoingBusiness #Budget2024 #CII
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Transcript

00:00It's a very good, comprehensive, growth-oriented budget.

00:05It touches upon some very critical facets in the economy.

00:12And it has brought in a lot of investments into a number of sectors,

00:19right from agriculture, manufacturing to services, to unlock the potential.

00:23It is focused on continued trust on public CAPEX.

00:27It has focused on very important areas like agriculture, MSME, skilling, employment.

00:33A lot of focus on ease of doing business.

00:38A lot of areas are getting simplified.

00:41The Honourable Finance Minister has also spoken about comprehensive review of legislation to simplify it.

00:49I think all on a very strong signal for greater ease of doing business.

00:55And a very strong signal to bring in reforms at the state level also.

01:05And very importantly, a comprehensive paper on the next generation reforms.

01:11To look at all the factor costs.

01:13I think these are some very important, very strong statements.

01:16Very strong announcements have been made.

01:19And it touches upon many of the areas that have come in the form of suggestions from members of what CII has presented.

01:28And it's a very positive message for the industry and for all stakeholders in the economy.

01:37All in all, an extremely good budget.

01:39A lot of investments.

01:40And yet, fiscal glide path being better than what anybody had anticipated at 4.9%.

01:48So it's indeed a very commendable budget.

01:50Let us take the specifics separately.

01:53This is just a quick snapshot, just a statement.

01:57And we will come on the specifics a little later.

CII President Sanjiv Puri on Budget Focus: 'Ease of Doing Business' & Next-Gen Reforms

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