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UAE based NRIs hailed the Union Budget by Finance Minister Arun Jaitley: See some of them

NRIs shared their views on Announced Union Budget, Here is the sharing of some of the businessmen about the Union Budget 2018.

Lulu Group Chairman Yusuffali MA said that the budget is well oriented toward growth in rural and infrastructure development. This will enable India to get a competitive edge in the global economy and bring about real changes. He also said that, though there is no mention about NRIs in this budget, I hope the government will come up with initiatives to leverage their potential to invest more in India by introducing transparent plans and hassle-free procedures.

GEMS Education Chairman Sunny Varkey shared his views as the education sector has been given great priority with an allocation of Rs1 trillion. Use of technology in education like blackboards with digital boards and emphasis on training untrained teachers will help transform the sector. Artificial Intelligence, IT infrastructure and research have rightly been identified as priorities. The increased investment in agriculture and rural areas should stimulate demand for affordable housing in rural areas.

Also Read: This is what PM Narendra Modi said about the union budget 2018

Founder Chairman and MD of Aster DM Healthcare Azad Moopen, said that this budget has given special attention to the health of the poor and marginalized population of India who was finding it difficult to access quality healthcare. 

Dr. B.R. Shetty, Chairman, BRS Ventures hailed the budget as a strong and forward-looking one. Meanwhile, he mentioned about the NRI welfare which has not figured in the budget directly, increased focus on improving loan access, capital allocation and corporate tax reduction for traditional and micro industries could help NRIs, he said

TS Kalyanaraman, Chairman, and Managing Director, Kalyan Jewellers
The estimated growth of GDP to 7.2-7.5 percent in the second half of 2018 should help boost consumer demand and give a positive momentum to gold and jewelry sales. The issue of import duty on gold has not been addressed in the budget, and we hope it is considered to give a fillip to the domestic industry.



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