Steps in Budget should help lift India Inc's optimism: Edelweiss Group CEO

The finance minister wants to encourage people to move from savings to consumption

The finance minister has made a laudable attempt to stimulate both consumption and investment, for creating a virtuous cycle in the economy and revitalising  sentiment. The measures should help lift the optimism of India Inc, and put India back on a sustainable higher growth trajectory. Higher allocation to the farm sector and rural areas, in a bid to double farmers’ income by 2022, and lowering of the income tax burden on the middle class are clear steps to boost income and purchasing power of Indians. In fact, rural India has been lagging for some time. By leaving more in the