What Industry Think of Modi's Union Budget 2.0

Abhishek Chakraborty, Executive Director, DTDC Express

The budget also specifically mentioned on the Government’s vision to focus on rivers for cargo transportation which help in increasing the freight movement whilst making it cost effective. The proposals made in the budget look very conducive to improve the sector’s competencies. The budget announcement has made special emphasis on the ‘Ease of Living’ thus making it very citizen friendly. The only thing now is execution which remains key and be watched for.

Dr. Sanjay Gupta, Vice-Chancellor, World University of Design

We hail the intent in this budget of a New India that aims to make the country as one of the leading higher education destination in the world. The focus on a new national policy, efforts to increase government funding, emphasis on research, skilling & digital technologies are the levers that will surely help drive India’s growth as one of the leading economies in future. We look forward to achieve the collective digital dream. 

Prashant Gupta, Executive Director, Sharda University

Allocation of 400 crore for world-class higher education, 'Study in India', new national education policy, thrust towards R&D, skilling and new –age technologies are all steps in the right direction that will help, the government, industry and academia in establishing India as the next educational hub. Additionally, the emphasis on quality education, improving the overall infrastructure will help the country become future-ready with a deeper focus on research and new age skills such as robotics and AI.

Akhil Shahani, Managing Director, The Shahani Group 

This is a forward thinking budget for the education sector. We would like to acknowledge Government's move in the direction and are happy to see the implementation of much needed education reforms along with true globalisation of Indian education. The standard operating procedure for startups will also encourage education entrepreneurs to start and scale up their initiatives. Encouraging foreign students to study in India will raise expectations of quality from local institutions and will benefit all students. The emphasis laid by the Government on allocation of 400 crore for innovation and research will help the institutions to focus on these areas and build world class education systems that could compete with foreign universities. Additionally, the significance given to skill enhancement will help the institutions to be tech-savvy and digital.