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GVK Reddy, Founder Chairman & MD of GVK Group, has described the Budget as, "A growth-oriented budget with a strong focus on infrastructure development."
He said Investments of Rs 70,000 crore along with the risk sharing mechanism for PPP projects, setting up of a national investment and infrastructure fund, and deepening of the bond markets etc. will help revive infrastructure investment.
Other ideas like abolition of wealth tax, creation of social security for all, focus on ease of doing business and a more predictable tax regime are all steps in the right direction to take the economy to a double digit-growth over the next few years, he said.
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