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Below the Quote on Budget Reaction by Mr. Jaikaran Chandock, Director, Balu Forge Industries Ltd

The budget has laid the foundation for achieving the goal of Viksit Bharat and a roadmap for a sustainable and inclusive economic growth. Through renewable energy transition, strengthening energy mix with nuclear energy, capex push in infrastructure development and focus on education, employment and skills, the budget builds the pathway for transformation-led growth for the economy. The allocation of Rs.6.21 lakh crore for the defence sector for FY25 in continuation with the Interim Budget announcement will further reinforce the country’s indigenous defence manufacturing capabilities, paving the way for Atmanirhbar Bharat. Reduction in expenditure on defence procurement from foreign sources helps prudent fiscal allocation. The budget allocation of 2,52,200 crore to railways will also boost manufacturing in railways. India is on the cusp of entering a high-growth phase and the budget ensures that transition benefitting industries across sectors and each segment of the society.

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