FM Sitharaman effectively navigates the challenge of balancing fiscal concerns and addressing growth : Shashi Kiran Shetty

MUMBAI: “At a time when the Indian economy has been scaling a fast recovery trajectory, Finance Minister Sitharaman has effectively navigated the challenge of balancing fiscal concerns and addressing economic growth. This is further strengthened by the 13 points that outline the vision for a Self-reliant’ or ‘Aatmanirbhar’ nation.

In light of the 6 pillars of this vision namely – health and wellbeing, capital and infrastructure, inclusive development, reinvigorating human capital, innovation and R&D, and minimum government and maximum governance – the initiatives to drive ahead FDI and FII inflows, infrastructure spend and facilitate legal and tax settlements are also noteworthy. Proposals to boost operational contingencies of road infrastructure and build more economic corridors have the potential to increase efficiencies across the logistics ecosystem and simulate regional economies to encourage local entrepreneurial initiatives.

The government’s intent to increase the share of green energy in the national energy grid and transition to a zero-carbon fuel regime is in line with its steadfast commitment to sustainability. The proposed one-year extension of tax holiday for affordable housing projects is likely to ensure inclusive housing for the underprivileged and foster community empowerment and resilience.”, said Mr. Shashi Kiran Shetty, Chairman, Allcargo Logistics, ECU Worldwide and Gati.