Satish Reddy of Dr Reddy's Labs calls budget Growth Oriented and Corporate friendly

Commenting on the 2015 Union budget presented by Finance Minister Arun Jaitely Reddy said ”The budget is a clear one, with a focused growth trajectory for the next 3-4 years, broadly in line with the expectations of India Inc. The significant outlays on infrastructure of Rs. 70,000 crores and power projects that will provide a much needed additional 4k MW, are steps in the right direction towards revitalising the investment climate in the economy.”

Reacting to the revision in the corporate tax structure, he opines, “While I believe this lays out a path for an easier and simplified tax administration in terms of exemptions being rationalised, we will need to see what the fine print entails on this front”