In response to today’s budget announcement, Mr. Vikram Gulati, Country Head and Executive Vice President of Corporate Affairs and Governance at Toyota Kirloskar Motor (TKM), expressed strong approval of the government’s approach. He commended the budget for its balance between infrastructure development and social sector investments, while maintaining fiscal discipline with a projected fiscal deficit of 4.9%.
Gulati highlighted the budget’s emphasis on enhancing agricultural productivity and increasing women’s participation in the workforce, noting these measures will broaden the benefits of economic growth. He also welcomed the targeted support for MSMEs and the manufacturing sector, which he believes will boost their contribution to the national GDP.
Additionally, Gulati praised the government’s commitment to energy transition and climate change mitigation, aligning with TKM’s sustainability goals, including carbon neutrality by 2050. He also supported the increased focus on education and skill development, including the new internship scheme funded by CSR spending, which aims to enhance job opportunities for youth.“The tax rationalization will increase disposable incomes and stimulate consumption, which is essential for economic growth,” Gulati said. “We look forward to the government’s upcoming reforms and reaffirm our commitment to ‘Grow in India, Grow with India’ in support of the nation’s development goals.”
