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Thursday, February 09, 2023
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Dr Pawan Goenka, MD, M&M hails Union Budget

Hailing the Union Budget, Dr. Pawan Goenka, Managing Director of Mahindra and Mahindra Limited said  “The three elective themes that the FM chose to weave the Union Budget around namely – Aspirational India, Economic Development for all and a caring society are really good. I personally see these themes as longer-term stimuli and a blueprint for the future to make India a global manufacturing base. The structural changes in the way things are being done may not be enough to have an impact tomorrow, but will definitely give strong impetus to the economy and so you could look at the glass as half full or half empty depending on what you want to see. But for the first time, I heard things like – Artificial Intelligence, Machine Learning, Internet Of Things (IoT) and the engineer in me hope that these are all well-intentioned and hopefully will be significantly supported as we move along.”

Further he added ” I particularly liked the 16 point agenda the FM targeted under rural development. The FM spoke about doubling farmer income by 2022, which augurs well for the Indian farmers. Some of the measures outlined ranging from solar pumps for farmers to improving the Agri – warehousing and cold storage to the water sufficiency measures for over 100 water-stressed districts all augur well for the future. A lot, of course, would be dependent on proficient execution by the Government. This focus on the rural and farm sector I feel will help facilitate the smooth functioning in the sector with a rise in farm income. Addressing these issues like water conservation, improving yields etc., coupled with the Rs. 2.83 lakh crore budgetary allocation for Agri, Irrigation and allied activities and rural development all augur well for the future. I do hope that the budget does hold true on its promise for economic development for all ushering in a period of true growth and inclusion for all.”

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