Budget 2020: FM Nirmala Sitharaman leaves India Inc disappointed

Disillusioned corporates feel measures are unlikely to spur consumption

The Union Budget, tabled on Saturday by Finance Minister Nirmala Sitharaman, has evoked sharp reactions from the corporate sector.

Veterans, such as Godrej Group chairman Adi Godrej, are disappointed with the lack of big-bang announcements, saying it will result in the consumption slowdown persisting for a longer period of time.

“There is nothing much in the Budget,” Godrej said unequivocally when contacted for his views on Saturday. “The finance minister has made small, incremental changes. That’s it. The attitude has been to give from one hand and take from the other. What good does that serve? The economy is in