USIBC lauds growth, prosperity-inclined Budget 2018

In the wake of the announcement of the Union Budget 2018-19, the U.S.-India Business Council (USIBC) on Friday lauded the government's commitment to developing areas that "will benefit India's growth and prosperity for the years to come."

"Infrastructure development, access to health care, affordable housing, energy, and education for all citizens form the backbone of any growing economy. USIBC is pleased to see that this budget contains many of our recommendations in these critical areas. American industry is committed to growing, strengthening, and sustaining these areas of collaboration with India," said USIBC President Nisha Biswal.

Furthermore, Biswal, in her statement noted that the USIBC aims to help maintain the momentum of the U.S.-India commercial partnership by prioritising policies that ensure greater ease of doing business, promote certainty, transparency, and predictability in decision-making.

"In the last three years, India has been on a robust path to growth, backed by a strong economic reform agenda. USIBC's goal is to keep up the momentum of the U.S.-India commercial partnership to ultimately, unlock greater growth and investment opportunities for businesses in both nations," the statement read.

For the unversed, the USIBC is the premier business advocacy organisation, comprised of 350 top-tier U.S. and Indian companies advancing U.S.-India commercial ties.

Formed in 1975 at the request of the U.S. and Indian governments, it is the largest bilateral trade association in the United States, based in Washington, D.C., with a global presence in New York, San Francisco, New Delhi, and Mumbai.