Disappointed that Make in India did not get attention in Budget: R Shankar Raman, L&T


Disappointed that Make in India did not get attention in Budget: R Shankar Raman, L&T

R Shankar Ramam

It is a mixed bag because there are opportunities and there are some misses as well. In so far as opportunities are concerned, I think the theme, at least the sub-theme to the budget seems to be investment-led recovery and waiting for consumption to follow. So that would mean lot of interesting opportunities for companies such as L&T to look at what they could do contribute to the budgetary targets of the government. In so far as misses are concerned, I think I can understand silence around the manufacturing space is a little intriguing. I think Make in India was as much as theme as Clean India or Skill India or Digital India but Make in India did not get enough attention in the budget, maybe dropped down in the pecking order but it is an important sub-segment of the entire economic recovery for the country.

ET Now: If you were in that room where the representative of India Inc would soon be quizzing the finance minister and if you had to say let us say ask one question or seek one clarity on any of the budget proposals, what would be that question? Read More…

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