Ishaat Hussein
Director, Tata Sons

It is a good Budget because it signals the philosophy of growth. The growth will be driven by the cut in interest rates which would invite investments in the infrastructure sector. The Finance Minister has come out with a Budget which is consumer-led as well as investment-led. It should trigger growth in the economy to seven per cent. As for the group companies in the Tata stable, except Tata Chemicals Ltd., other companies have positive signals in the Budget. The reduction in import duty by 20 per cent will result in the company to reduce the domestic prices. However the decontrol of fertiliser prices in long-term holds good.