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Budget 2018 Reactions: Issue At Hand Could Have Been Addressed More Adequately, Dr Hitesh Doshi

"While there have been initiatives to boost employment, we think that the issue at hand could have been addressed more adequately and there is always the scope for more," Dr Hitesh Doshi, Chairman and Managing Director, Waaree Group

On a scale of 1 to 10, how would you rate the Union Budget?

With the progressive Union Budget this year, we would rate it a promising 7 on 10.

Do you feel this is an election/populist budget or a developmental budget considering the elections next year?

Considering the year on year growth by the Government and their undeterred resolve towards the 2020 solar vision, we believe this to be a developmental budget. Especially, with the smart city initiative embracing rooftop solar, we at Waaree Energies are ready to deliver. Moreover, with the elimination of customs duty on solar tempered glass, manufacturing solar panels will become relatively cheaper.

Has the Government addressed the job/employment issue adequately in this Budget?

While there have been initiatives to boost employment, we think that the issue at hand could have been addressed more adequately and there is always the scope for more.

Is the farm distress/agri crisis addressed well in this Budget? 

Yes, the Government intends to make substantial contribution towards rural areas. With Pradhan Mantri Soubhagya Yogna, the Government will invest Rs. 16000 crore to provide free power to almost 4 crore rural households, which is a commendable initiative.

Summarize the Union Budget in a few lines?

With immense focus on rural development, the budget proposes to strike a balance. Interestingly, the budget also indicates a massive contribution towards MSMEs, thus creating a conducive environment for growth.

Three hashtag words/expressions to sum up the budget 2018?

#development #balanced #rural


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