US-India forum lauds measured, pragmatic India Budget 2022
The US-India Strategic Partnership Forum (USISPF) congratulated Indian Finance Minister Nirmala Sitharaman and the Government of India on delivering Budget 2022, which "allows the government to continue supporting development while keeping an eye on the fiscal deficit".
"The first principle is to do no harm and, the government has adhered to this. There are no major policy changes, which is good in the current scenario. I call this a measured and pragmatic budget. There was tremendous pressure on the government to do more given the upcoming state elections," said USISPF President and CEO, Mukesh Aghi while speaking on this occasion.
Dr Aghi added that there is also the unsaid acknowledgement in the Budget that Covid-19 and inflation are still not behind us, leading to the cautious approach seen in this Budget. Again, a sign of responsibility on the side of the policymakers, he added.
USISPF chief welcomed the support for manufacturing through the PLI schemes and investments in solar technology and other green infrastructure, which ties in nicely with the government's Make in India initiative, and India's desire to lead the fight against climate change.
"This budget charts a credible path forward, and we applaud the government's steady policy hand to revive and continue the path of growth for the Indian economy," he added.
The USISPF says it is committed to creating the most powerful partnership between the United States and India. As the only independent not-for-profit institution dedicated to strengthening the US-India partnership in Washington, DC and New Delhi. USISPF is the trusted partner for businesses, non-profit organizations, the diaspora, and India and the United States governments.