Post Budget 2019 Reaction by Mr. Sumeer Chandra, MD, HP Inc. India

It is great to see the focus on making India a $5 trillion economy by 2025, through investments in infrastructure, digital economy and job creation. In the short term, the Rs. 70,000 crore capital boost for PSU banks will help improve business confidence and overall liquidity situation. The government’s intent in driving job creation across sectors by reskilling and upskilling the youth is a strong positive. Initiatives to prepare 75,000 skilled entrepreneurs in agro-rural industries through 100 new incubators under ASPIRE scheme and training 10 million youth under the Kaushal Vikas Yojana with new-age skills in areas like artificial intelligence, Internet of Things, big data, 3-D printing, virtual reality and robotics, will help create a large pool of skilled manpower in India.

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