Budget offers huge scope to build a sustainable growth: KE Ranganathan

Great job by the FM in presenting a budget which is positive in many directions. Clearly the government has demonstrated its commitment to drive growth post the DeMo effect. Some of the good measures like doubling lending targets, highest ever infra allocation of Rs 4 lakh crore, 10 million houses by 2019, lower interest rates on rural housing loans, lower income tax for certain slabs and small businessmen will surely propel India to grow at twice the rate of global GDP growth.

Attracting more FDI in many sectors and abolishing FIPB will drive large investments into the country. With 'Make in India’ taking bigger shape, the exports are bound to go up. This presents a good opportunity for many SMEs.