Adhunik Metaliks ltd MD Manoj Kumar Agarwal said the Union Budget is growth-oriented.
Increasing of tax exemption limit and lowering of interest rates on educational and housing loans would add to the benefit of common man, he said.
He viewed that proposals of fund allocation for development of harbour projects, industrial corridors and road projects will boost the transport, logistics, exports and other sectors. The move of developing100 smart cities leading to infrastructural development will increase the demand of steel and cement and thus result in inclusive growth.
The steps taken by the Government to amend the MMDR Act to increase investment in mining and the proactive initiative of Government to enhance coal production will add to the growth of the economy, added Agarwal.