“We find the budget positive considering the fact that it is affecting a major part of the population positively. The allocation for Saubhagya scheme, allocation to infrastructure, railway, smart city and defence will boost power sector also. Rural electrification and social sector spend will in long term help consumer electrical industry. The sops to MSME through corporate tax reduction and Mudra loans is a welcome move for the industry. Special allocation to smart city will boost domestic electrical industry also increase in custom duty for certain item will also boost the industry.”
