The Budget this year would have a broad appeal in India, with a significant focus on inclusive growth and development at all strata according to Naresh Wadhwa, President & Country Manager, Cisco India and SAARC.
The emphasis on infrastructure development — both urban and rural — is highly visible and highly welcome. It is heartening to see significant rise of the allocation towards social welfare, he said.
The ‘National Clean Energy Fund’ will position India as a leading force in finding ways to combat the imminent energy crisis. It will also simultaneously encourage research and technology projects in the clean energy space, Wadhwa said.
The proposed provision to simplify the FDI (Foreign Direct investment) model followed in India is also a welcome measure, he said.
