“The honourable Finance Minister has delivered a promising budget that aims to address the long-term growth prospects in a clear and precise manner. Measures such as higher infrastructure spends, expansion of the highway network, addition of modern trains and a focus on the rural economy will have positive long-term impact on the manufacturing and mobility sector. The reforms to do away with old clearance systems will make it easier to business in India and it is likely to unlock a fresh wave of investment. The focus on clean tech, policies on urban planning, battery swapping etc are a clear direction towards much needed steps to meet the long-term sustainability targets. The policy push with the right levers of PLI scheme is likely to further spur the development of the entire EV ecosystem in the country.”
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