Singapore, February 1 (PTI), Singapore’s Indian business community, welcomed a comprehensive approach on Saturdays, especially in terms of domestic consumption and economic growth in the union budget between 2025 and 2026.
“The reduction in the target of income tax for the lower class is not just a thoughtful and influential movement, but a million -person lifeline,” Neil, the chairman of the Singapore Indian Chamber of Commerce (SICCI). Palev said.
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.
Singapore -based Global School Group’s chairman and co -founder of the ATUL TEMURNIKAR, also welcomed the budget and called Viksit Bharat’s Blue Photos.
