Anand Mahindra, Chairman of Mahindra Group, shared his positive assessment of the Interim Budget 2024-25 presented by Finance Minister Nirmala Sitharaman. Expressing his thoughts on Twitter, Mahindra emphasized the tendency to create undue anticipation around the budget, acknowledging that it might not always be the ideal platform for major policy shifts. He advocated for more realistic expectations and highlighted the significance of well-thought-out financial planning, drawing parallels between private households and national budgets.
Mahindra lauded several positive aspects of the budget presentation. He commended the Finance Minister for delivering a concise speech, praising the brevity that exuded quiet confidence. The Chairman appreciated the absence of populist measures often associated with pre-election budgets, expressing hope for a sustained departure from such approaches. Mahindra particularly praised the fiscal deficit target, surpassing expectations, and deemed it a testament to careful financial management.
Highlighting the stability and predictability valued by businesses, Mahindra noted the absence of major tax and duty changes, contributing to a favorable environment. He expressed satisfaction with the higher Tax to GDP ratio, considering it a long-awaited development that strengthens the foundation for fiscal flexibility and proactive expenditure when necessary.
In urging the Finance Minister to amplify the accomplishment of the fiscal deficit target, Mahindra conveyed optimism for a renewed focus on efficient execution of plans, contributing to the progress of a more prosperous India. He encapsulated his satisfaction, stating, "Now, we can focus on getting back to work and executing our plans efficiently while crossing the 'Setu' to a more prosperous India.
