He also hailed the announcement on Rs 6.92 lakh crore spending on infrastructure.
He congratulated Prime Minister Narendra Modi and Finance Minister Arun Jaitley for the bank recapitalisation decision, terming it as "historic".
In a tweet, Shah said the "courageous" decision will not only give impetus to businesses but also provide job opportunities to the youth.
In another tweet, he said spending on highways will lead to creation of world class infrastructure and give fresh momentum to economy.
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