by Dr.Niranjan Hiranandani is President (Nation), National Real Estate Development Council (NAREDCO), which works under the aegis of Ministry of Housing & Urban Affairs, Government of India
“India’s economic growth is pegged at 7.2% to 7.5% in 2019 and 2020.
As per the Interim budget announcement today, India is aiming to become a $10 Tn economy in the next 8 years & $5 Tn economy in the next 5 Years.
"The 2019-20 union budget comes as a cheer to many due to the government’s attempt of creating a mass -budget this year with special focus on rural health.
"The Interim Budget proposals should augur well for the Indian economy by providing a growth impetus through a boost in consumption as well as an inclusive framework designed to benefit agri and rural communities, unorganised sector workers as well the middle class.
“We welcome the interim budget, in a major relief move for the middle-class taxpayer the Finance Minister Piyush Goyal announced income tax relief for those earning up to Rs. 5 lakh and R.s 6.50 lakh.
"It’s heartening to note that the startup ecosystem saw over $10.5 billion of venture capital investment in 2018 in the country; and the sector is witnessing investments in Tier II cities too because of a maturing ecosystem.
"The real estate sector is expected to witness a boost in budget 2019. Keeping the trend of promoting affordable housing alive this year, the major demand in budget is extension of income tax exemption applicable to current affordable housing units.
by Rajesh Aggrawal, Managing Director, Insecticides India Ltd
Speaking about the industry expectations ahead of the upcoming Union Budget announcement, Arun Balasubramian, Managing Director – Qlik India, said, “Transformations ushered in by technologies such as AI, data science, and analytics have made information ownership the new centre of power.