Post Budget Reaction by Mr. Ashwin Bhandari, CEO, iVOOMi

Focus on digital India in the budget, vision of creating 1 lac digital villages will empower the real India and fuel overall growth in the economy and will bring comprehensive growth for the industries.

Declaration on schemes for incentives for SMEs and start-ups is a welcome move, to enable small businesses that in turn will support services to different businesses, this should promote smaller manufacturers too to build on the ecosystem.

Boost in the direct tax collections, enabling bigger capital expenditures (declared in budget), incentives to farmer,  basic tax slab raised to 5 lac – are noticeable moves towards economic growth that will fuel the industrial growth in mid term. News Service

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