What is LIC CEO R Doraiswamy's view on the Union Budget?

LIC CEO R Doraiswamy views the Union Budget as a visionary roadmap supporting India's ambition to become a top three global economy, with a strong focus on development.

Which sectors are expected to benefit from the Union Budget according to the LIC CEO?

The LIC CEO expects sectors like infrastructure, biopharma, and education to benefit significantly from the Union Budget, citing investments in development and upskilling initiatives.

How does the LIC CEO perceive the budget's impact on market sentiment?

The LIC CEO anticipates that market sentiment will improve as investors assess the budget's broader development initiatives, despite initial mixed reactions.

Home / Business and Economy / LIC Chief: Budget Paves Way for Top 3 Economy Status

LIC Chief: Budget Paves Way for Top 3 Economy Status

1 Feb

•

Summary

Budget is a visionary roadmap for India's economic ambition.
Focus areas include strategic industries, MSMEs, and rural income.
Market sentiment expected to improve with development assessment.

LIC Chief: Budget Paves Way for Top 3 Economy Status

LIC CEO & MD R Doraiswamy has described the recent Union Budget as a visionary roadmap, aligning with India's aspiration to become one of the world's top three economies. He emphasized the budget's commitment to national progress and strengthening key sectors.

Doraiswamy highlighted specific priorities, including the development of seven strategic industries, bolstering Micro, Small, and Medium Enterprises (MSMEs), and enhancing rural income levels. These initiatives, he believes, are crucial for India's forward momentum.

While acknowledging the initial negative market response, particularly to the Securities Transaction Tax increase, Doraiswamy expressed confidence that market sentiment would improve. He anticipates a positive reassessment once the comprehensive development push, including infrastructure and logistics investments, is fully considered.