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The US India Strategic and Partnership Forum (USISPF) President Mukesh Aghi has said that the innovative, bold and stellar budget presented by Union Finance Minister Nirmala Sitharaman will take India to a stronger growth trajectory over the next few years. Applauding the finance minister, the USISPF said the budget is a blueprint for the year, outlining the vision for the next 25 years leading to the centenary of India's independence (2047).

He said ‘India’s rise from the tenth to the fifth largest economy is a hallmark of the bright economic spot in a period when other economies are suffering from global economic headwinds’. He added ‘Fiscal consolidation continues, which means there will be more capital available for private investment that will bring interest rates down’. He said ‘The Budget will give more benefits to the youth, and senior citizens, and focuses on women’s empowerment. This Budget is job-focused and will have a tremendous impact on India’s GDP. I applaud the government on a growth-focused Budget’.

The USISPF said the term ‘Amrit Kaal’ was first used by the Prime Minister in 2021, to describe an ‘auspicious time’ or a ‘time of nectar’, alluding to Prime Minister Modi’s vision for India’s next quarter-century. ‘Amrit Kaal’ is described by the government as the 25 years culminating in the centenary of India's independence. The proposal of a lower tax rate of 15 per cent for new cooperatives that start manufacturing activity in March 2024, rationalisation of TDS provisions, and extended tax benefits for start-ups will help in bringing in business growth and certainty. USISPF said several changes in the customs duty rates are done with a clear focus on bringing in supply chain efficiencies and enhancement of domestic manufacturing which will further promote exports.