Thrust on infrastructure good for adhesives, coating sectors: Shilip Kumar

Budget's fiscal consolidation efforts will lead to stable economic growth of the country

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Shilip Kumar, country president, Henkel India

BS B2B Bureau Mumbai

Last Updated : Feb 04 2017 | 11:59 AM IST

The Union Finance Minister Arun Jaitley presented a fiscally prudent union budget for FY 2017-18. It maintains the government's fiscal consolidation efforts, which is expected to lead to stable economic growth of the country.

The budget has been prepared with an increased focus on social security, infrastructure and financial stability. Considerable impetus to agriculture, infrastructure and manufacturing is an encouraging signs for the economy and the business.

Micro, small and medium enterprises (MSME) will benefit with the proposed reduction in the income tax to 25 percent. This is a welcome move, as it will help unlock the potential of the MSME sector

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