We welcome the Government’s commitment to electrify every household under Prime Minister Saubhagya Yojana as well as the thrust on creation of livelihood and infrastructure in rural areas. Apart from addressing rural issues, the Government has also maintained fiscal prudence. Tax incentives to MSMEs through reduction in corporate tax rate to 25% would be healthy for this segment which was hit by the introduction of GST. A growth-focused budget and we hope that India’s GDP growth rate goes up to 8% and beyond in coming few years.

Pradeep Mittal, Executive Vice Chairman, Essar Power Ltd.