US-India Strategic Partnership Forum (USISPF) commends the Government of India for delivering a balanced budget, providing growth opportunities for all sectors of the economy

February 1, 2021
Washington, DC

Commending the Government of India on its Union Budget 2021-22, USISPF President and CEO, Mukesh Aghi said, “The Union Budget 2021-22 has taken into consideration the needs of all sectors of the economy, reflecting a robust growth plan for India to become a $5 trillion economy. Increased government spending in critical areas of the economy such as agriculture, infrastructure, healthcare, education and defense have been much needed. We believe these measures along with an ambitious plan for divestment of public sector undertakings, further opening of sectors like insurance, and establishing an institutional framework for the corporate bond market will provide much needed capital to the economy.”

He further added, “The Indian government’s commitment to growth is also reflected in the milestones and timelines that they have set forth. USISPF is confident that the global investment community will embrace the expansion of India’s economy over the next 12-24 months. The new Development Finance Institution will facilitate foreign investment in infrastructure while the consolidation of the Securities Market Code will make the investment climate more welcoming to foreign capital. Multiple measures to simplify India’s tax code and dispute resolution are concrete steps to bring further predictability in India’s tax environment and improving India’s business environment.” 

Contact: 

Sukanya Sen 
ssen@usispf.org