BUDGET 2015. India Inc says a very well-designed, visionary budget

"This is a very well designed budget and there are very hard to find faults in this. It has been aimed at reviving manufacturing but the end results on time will tell," said Sunil Kant Munjal , Joint Managing Director, Hero MotoCorp.

"I think the budget seems to focussing on all sectors whether it's corporate or social sector. The balance has been struck well. It is heartening to see the thrust given on manufacturing," said Ratul Puri, Chairman, Hindustan Power Projects.

Jyotsna Suri, FICCI President, and Chairperson, Bharat Hotels Ltd: It is not a make or break budget. It is a visionary budget which lays the roadmap for future. Measures such as reducing corporate tax is appreciated.

Sunil Sanghai, MD and Head of Banking, HSBC India: While there is nothing for personal tax, it is a budget aimed at the long-term. The proposal to merge FMC and SEBI is welcome as country needs a strong regulator.

"The things I like from this Budget is that it looks beyond just one year. Also the focus on the social sector. But what is disappointing is that there is no clear push to improve demand. Just providing people with social security isn't going to boost demand. What was needed was job creation and more spending power," said Vikram Kirloskar, Vice Chairman, Toyota Kirloskar Motor Private Ltd .

"What is positive is that there is lot of allocation for the infrastructure sector. But for the infrastructure sector, an all around package is required. The money is there in the Budget so financing will not be problem. The hurdles will be on land acquisition which would need to be resolved," said Atul Punj, Chairman, Punj Lloyd.

Kiran Mazumdar Shaw, Chairman & Managing Director, Biocon Ltd : "There is greater clarity now in how the Government is going to catalyse investment in infrastructure. The Minister’s addressed issues about taxation and clearly said that he doesn’t want to get into retrospective taxation and I think that is very important. Corporate tax coming down to 25% and removing ambiguity and simplifying everything is good and the 2% additional taxation on the rich is important since recovery was so low.The devil is in the detail but I think that's been thought through. It’s no longer directional, I feel it’s now destinational. I’m usually very critical about the Budget but this time I can’t fault it."

Bhaskar Pramanik, Chairman, Microsoft India : "There could have been a lot more from the IT industry perspective. We were hoping that Government would give some incentives in terms of investment allowances by industry, not just IT but overall to use technology a lot more. We were hoping there would be deductions possible on skilling and training for manpower. On the whole though, it was quite balanced and the Government is looking at not solving just today's problems but that of the future also."