Singapore’s Indian business leaders praise India’s 2025-2026 consolidated budgets and focus on increasing domestic consumption, economic growth, and foreign investment.
“The reduction in the target of income tax for the lower class is not just a thoughtful and influential movement, but millions of lifelines,” said Neil, chairman of the Singapore Indian Chamber of Commerce (SICCI). Palev says.
He is particularly satisfied with the strategic initiatives of unleashing foreign and domestic investments, which are more important throughout India, “said.
Parekh believes that a decision to limit foreign direct investment (FDI) to 100 % in a specific sector is not just a positive movement, but a game changer. By raising the FDI cap from 74 % to 100 % in the insurance sector, India has opened the doors to very necessary foreign capital, advanced technology, and global expertise.
The Singapore -based Global School Group’s ATUL TEMURNIKAR chairman and co -founder also welcomed the budget and call it Viksit Bharat’s blue photo.
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