Chairman, Hinduja Group
We should congratulate our Hon’ble Finance Minister for delivering a progressive budget, setting direction for a very positive long-term agenda. The budget attempts to balance a broad stimulus and capability building agenda, while meeting fiscal and deficit targets. This has been by-and-large achieved, but more will have to be seen in the fine print.
While the budget is welcome and a good start, execution of these plans by the Government are critical to success; a skill which our Hon’ble Prime Minister is well-known for.
Overseas Indians have always been strongly supportive of India and they deserve to be treated on equal terms with resident Indians, which could have a much larger benefit to India. I sincerely hope in the policy-making process, they will incorporate treating overseas Indians on equal terms with resident Indians for investments made into India, especially in the defence and insurance sector, where the management control still rests with India resident entities or persons.