The Budget for 2017-18 is a game-changer and initiatives like BharatNet to connect rural headquarters and to ensure electrification in all villages by 2018 will transform the country, according to Lulu Group chairman and noted industrialist Yusuffali M.A..
Noting that the budget proposals have the power to transform India into a global economic power, he said tax incentives for digital transactions would be a big boost to making the country a cashless and transparent economy.
Budget 2017: Jaitley cuts I-T rates, pushes digital economy | Highlights
The Lulu group chairman also hailed the proposal to start five exclusive tourism economic zones saying the move "will have all-round impact on many related industries especially for a state like Kerala".
"Obviously, the huge enhancements in the allocations for agriculture, women welfare, infrastructural and rural development is sure to boost our economy towards becoming a most favored destination for FDIs," he said.
He said from an investor point of view he welcomed the finance minister's assurance to further liberalize FDI.
"Setting up of skill enhancing centers to train job seekers going abroad will definitely make our youth get better positions and make them more competitive as per the global standards," Yusuffali pointed out.