dubai the provision for green growth in indias first amrit kaal budget announced by finance minister nirmala sitharaman on wednesday pleased uaebased nri businesspeople amrit kaal is described by the government as the 25 years culminating in the centenary of indias independencealso see budget 2023 live budget 2023 highlights income tax slabs 2023 overall this budget by the modi government seems to be good as it focuses on the green economy dr sunil manjarekar president of the gulf maharashtra business forum global told pti he also said that with the emphasis given to the auto industry and with this ecofriendly initiative india would contribute to the green revolution reduction in customs duty on textiles toys bicycles from 21 per cent to 13 per cent will boost sales manjerakar said the budget appears very useful for middleclass families as the income tax slab has been put at rs 7 lakhs it will help the economy and boost the markets said chandrashekhar bhatia of the global business federation dubai bhatia highlighted the measures in the budget such as grain and education for the poor and steps taken to boost healthcare and tourism and said overall we are happy with the budget and we hope the government of india will extend more help to the nri community kamal vachani group director and partner al maya group called the budget peoplefriendly as tax exemption has been increased for income up to 7 lakhs and other tax exemptions have been allowed this is a major step taken by the finance minister which will benefit middleincome taxpayers in a big way as this will get higher spending by the households leading to a boost in aggregate demand said vachani who is also the regional director of the electronics and computer software export promotion council esc according to him the reduction of custom duty on parts of open cells of television mobile phones mobile phones and camera lenses would go a long way in enhancing indias export of it he also highlighted reduced dependence on fossil fuels export orientation and the introduction of the nation green hydrogen mission as welcome steps that will save the environment and help curb pollution arun chulani cofounder of first water capital fund called the budget a continuation with no unpleasant surprises as he emphasised infrastructure and its importance as a multiplier to the economy and employment recent geopolitical events and their subsequent impact on energy prices were probably a key factor in the decision to increase the defence budget by over 20 per cent as well as the governments efforts on energy transition with rs 35000 crores ringfenced for renewables and its focus towards green hydrogen chulani said in light of the high cost of living there was also some relief for some taxpayers with a rejigging of the tax slabs which should give some further incentive for increased savings or spending he said finance minister sitharaman said the budget adopts seven priorities to guide india through the amrit