Post Budget Reactions from across sectors

Post Budget Reactions from across sectors
Highlights

Union Budget allocations for the education sector, digital education and the push for quality education is an excellent move. However more attention could have been given to Film+media education.

Sector: Education

Mrs. Amala Akkineni – Director - AISFM

"Union Budget allocations for education sector, digital education and the push for quality education is an excellent move. However more attention could have been given to Film+media education. The visual media which has dire need of 30mn technicians in the industry in the future, while the education sector budget has not been given any support to create these professionals. We are a technology-dependent sector. Digital and skill development allocations and the 62 new navodaya schools will definitely improve the quality of education in rural areas. Rs.1700 crores allocations for 1500 multi-skill development centres will benefit the emerging talent to improve further. Promoting entrepreneurship for SC/ST could have been little more than the actual R.500 crores allotted to them".

Sector: Healthcare Finance

Mr. Dheeraj Batra, Co-founder & VP of Business Development Arogya Finance.

“The focus on Healthcare is laudable and much needed. Unexpected healthcare expenses are the leading cause of poverty in India. Hopefully, the recommended approaches - like the Rs 1 Lakh coverage per family - combined with new innovations in Healthcare will help change that reality. Initiatives like the National Dialysis Services Programme are very innovative and could set a precedent for future such initiatives, whereby this model could be replicated in other therapy areas."

Sector: Food & Beverage

Mr. Vinod Gaikwad, Business Head, REITZEL specialty foods Pvt. Ltd

"Allowance of 100% FDI in the marketing of products manufactured in India is a welcome move to boost the FMCG industry of India. This will lead to better infrastructure and quality of products available in Indian market making it more competitive. We are looking forward to these trends and opportunities in order to expand our business in the country".

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