Interim Budget 2019 Reaction - Micromax

Mr. Rajesh Agarwal, Co-Founder, Micromax

"We, at Micromax, respect and welcome the government's budget reforms. This year's Budget has brought significant changes, focusing on various key aspects which are largely stressed upon our overall economic growth - Rural, Agriculture, job creation, healthcare, housing, Structural reforms and infrastructure development, which will help stimulate and strengthen the Indian economy. The emphasis on establishing a programme to bring in direct efforts towards building a holistic ecosystem for Artificial Intelligence is an impressive development. The government's proposal of giving a full tax rebate to individual taxpayers with an income of up to 5 lakh will empower the Indian consumer. Moreover, the government's announcement around expanding Common Service Centres and creating digital infrastructure in the villages will be a significant step in the Digital India mission and growth of the Make in India initiative. With India leading the consumption of voice calls and mobile data usage, it is fascinating to note our constant progression towards becoming a global hub for manufacturing."

Source : Equity Bulls

Keywords