INDIAN BUDGET 2019 COMMENT: YUSUFFALI MA, CHAIRMAN OF LULU GROUP, UAE

INDIAN BUDGET 2019 COMMENT: YUSUFFALI MA, CHAIRMAN OF LULU GROUP, UAE

 

As expected, the first budget of Modi 2.0 Govt. has very efficiently covered almost all critical sectors which will surely boost India’s march towards becoming a US$ 5 trillion economy.

The key take-aways for me in this maiden budget by Nirmal Seetharaman are the stress given to rural & agricultural development, women entrepreneurship and making India the global education hub of excellence. India’s biggest asset has always been our young human resource and the measures taken in the fields of research & education will surely go a long way in boosting start-ups in various fields and across all economic segments.

On the infrastructure side, the plan to revitalize the Railways, the back bone of our internal trade is highly encouraging. I have been always a big advocate of PPP model of development & investments in the infrastructure sector, so obviously it’s heartening to note that the govt. is promoting this model. Surely many organizations will come forward to be a part of this opportunity, to spur faster growth.

As an NRI I am extremely happy to note that Aadhar issuing process has been simplified which will make our lives much easier. I am eagerly looking forward to the proposed ANNUAL GLOBAL INVESTORS MEET especially now that the NRI investment in the country would be made much easier by merging NRI portfolio route with foreign portfolio investment.