V Sumantran, executive director, Telco
Economic Times

A good Budget, considering the delicate balance required between reforms and consensus. The thrust on infrastructure, rationalisation of indirect taxes and a soft interest regime should help spur demand. The introduction of value-added tax will eliminate cascading effects of multiple taxation.

B Muthuraman, MD, Tata Steel
Financial Express

On infrastructure, the Budget has been very good, which is going to be good for steel and cement.

The finance minister made a small announcement that 25 per cent of the roads be made of concrete. Excise duty on cars, ACs are rationalised. This being an election year, I was not expecting a Budget like this.

B Muthuraman, Managing Director, Tata Steel
Hindustan Times

The budget is a step forward towards enhancing India’s steel competitiveness.

The emphasis on housing, roads, ports, airports, that is say the infrastructure sector, is going to increase the domestic demand for steel. The reduction in excise on automobile and import duty on metallurgical coke by 5 per cent are important highlights.