Central Budget 2016: Comments of Mr. Hari Bhartia on Central Budget

Central Budget 2016: Comments of Mr. Hari Bhartia on Central Budget

Commenting on the Budget presented by the Finance Minister, Mr. Hari S. Bhartia, Co-Chairman & Managing Director, Jubilant Life Sciences Limited said that overall it is a very balanced Budget & would give a boost to growth sentiments & revive domestic economy. The Finance Minister has kept the fiscal discipline by keeping the budget deficit to 3.5% in 2016-17. This will give greater confidence to investors, both in India & overseas.

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The Finance Minister has taken the reform process forward with emphasis on nine pillars. Mr. Bhartia particularly welcomed the focus on agriculture, rural economy, social & infrastructure sectors. The focus on rural economy will generate demand,increase consumption & create opportunities for the corporate sector.

“This is a Budget with spirit of T-20 & philosophy of a Test Match” said Mr. Bhartia since the Finance Minister has addressed both short & long term issues facing the economy.

Mr.Hari S.Bhartia,

Co-Chairman & Managing Director,

Jubilant Life Sciences Limited

For more information please contact:

For Media

Sudhakar Safaya / Neha Garg

Jubilant Life Sciences Limited

Ph: +91-120 436 1034 / 1067

E-mail: sudhakar_safaya@jubl.com

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