'I Am Pleased.' Billionaire Anand Mahindra Gives A Thumbs-Up To Nirmala Sitharaman's Budget Speech
Soon after India's Finance Minister Nirmala Sitharaman concluded her 58-minute interim budget speech, billionaire Anand Mahindra has become one of the first ones to react to it. Mahindra has posted a detailed tweet in which he has praised the budget.
Soon after India's Finance Minister Nirmala Sitharaman concluded her 58-minute interim budget speech, billionaire Anand Mahindra has become one of the first ones to react to it. Mahindra has posted a detailed tweet in which he has praised the budget.
Anand Mahindra Praises FM Sitharaman's Budget Speech
anand mahindra budget reaction/forbes
Tweeting shortly after FM Sitharaman's budget speech concluded, billionaire Anand Mahindra was quick to post a detailed tweet in which he has praised the interim budget 2024.
"The Budget is NOT necessarily the occasion for transformational policy announcements. Those can, and should, happen throughout the year. Just as it is for all private households, the Budget is an opportunity to plan our finances prudently and with fiscal rectitude. The more we are focussed on living within our means and investing for a robust but sustainable future, the more confidence we will gain with global investors.
Which is why I was pleased with today¡¯s budget. "
For many years, I have been saying that we create too much drama around the budget and raise expectations of policy announcements to an unrealistically feverish pitch.
¡ª anand mahindra (@anandmahindra) February 1, 2024
The Budget is NOT necessarily the occasion for transformational policy announcements. Those can, and should,¡ pic.twitter.com/hfqxnw4IUa
Reasons Why The Billionaire Is Pleased With The Budget?
In his detailed tweet, Mahindra has mentioned the reasons why he has given a thumbs up to the interim budget speech:
¡ªIt was one of the shortest speeches¡ªBrevity that is welcome and which communicates quiet confidence.
¡ªNo populistic measures were announced as has traditionally been expected in pre-election budgets. A welcome, and I hope, permanent approach!
¡ªThe fiscal deficit target was better than envisaged. Prudence scored a decisive victory!
¡ªNo major Tax and duty changes were announced. Businesses place a high value on stability and predictability and that was evident in this budget.
interim budget 2024/ani
Also Read: Meet Nirmala Sitharaman's Team Behind Interim Budget 2024
Mahindra Mentions 'The Really Good News'
The billionaire concluded the tweet by saying that the really good news was the 'higher tax to GDP ratio' which has long been hoped for and which cements a strong foundation for fiscal flexibility and aggressive expenditure when it is needed. The FM can and should trumpet this more loudly¡ Now, we can focus on getting back to work and executing our plans efficiently while crossing the ¡®Setu¡¯ to a more prosperous India.
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