Union Budget 2019 Comment by Mr. Vineet Mittal, Chairman Avaada Group:
The Union Budget 2019 has a strong focus on long term sustainable growth. An effort has been made to bridge the urban-rural divide. Fiscal prudence has been maintained by the government even though we are in lead-up to elections. Vision 2030 elaborates the government’s focus on key sectors, that should help India transform into a global power – physical infrastructure, clean & green India, rural industrialization are some of the key work areas. Boost to manufacturing sector, will help transform the ‘Make in India’ vision into a reality, leading to significant increase in job opportunities.
It is good to see government’s continuing push for renewables to become a major source of energy in India. This will help ensure India’s energy security as well as meet our climate change goals. Through continued support for renewables, EVs will benefit. India might set a precedent in EVs being powered predominantly by renewable energy, as compared to coal based thermal power.
I see a holistic and inclusive approach taken by the government.