Budget: Growth-oriented, protectionist

The Budget aims to boost economic growth and create more employment and entrepreneurial opportunities through substantial increase in capital expenditure for building infrastructure and increased protection to domestic producers, besides many other initiatives such as improved governance through extensive use of information technology.

The exporters have reasons to be happy with the plans for enhancing seamless multimodal connectivity that will improve logistics efficiency. ‘The seven engines of growth under the PM Gati Shakti project will help to reduce the logistics cost and time of Indian exports significantly thereby imparting added competitiveness to exports. The setting up of 100 Cargo Terminals will