INDUSTRY VIEW - Company officials react to budget farmers
MUMBAI (Reuters) - The new government outlined measures on Monday to speed infrastructure development and increased spending for farmers and the poor in its first budget.
Finance Minister Pranab Mukherjee pledged to return the country to the high growth rate of 9 percent a year as soon as possible, while estimated growth in 2008/09 at 6.7 percent.
Following are comments from industry officials on the budget.
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CHANDA KOCHHAR, MD AND CEO, ICICI BANK
"The two positives are targeting a growth rate of 9 percent, that itself is a very bold and positive move, there is still a lot of focus on everything that would stimulate domestic consumption...which is going to lead us to a higher growth rate."
"In term of negatives, one could have expected a further clarity on the whole disinvestment process and how much money is going to be raised and so on... there is an indication that there is large money expected out of disinvestment, clarity has not come in yet, but we should expect clarity overtime."
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