full text union budget 2015 expert comments this has been one of the best budgets in the recent past keeping in mind fiscal and other constraints it has done whatever a budget can do to promote savings investment and hence growth fiscal deficit for 201415 have been maintained at 41 of gdp and for even 15 16 it has been kept at 39 only slightly higher than the 36 of the gdp which had been thought of the fm has promised to bring down the deficit to 3 in three year time current account deficit for the current year is expected to be below 13 of the gdp but for this the fm has to thank reduced oil and other commodity prices says rahul bajaj past president cii and chairman bajaj auto expert comments it is a wellbalanced budget it included a lot of positive measures to give impetus to infrastructure growth another positive was the announcement of a firm date on gst which was a key prebudget expectation although we will have to study the fine print of the budget in terms of clear programs to boost investment manufacturing and skill development the directional focus is in sync with the overall expectations to boost growth taking cue from what was shared about reform being a continuous process we hope for ongoing measures and policies to maintain a healthy balance between interest rates inflation and arrest the fall of the rupee which will benefit the economy although the budget didnt have much for the automobile sector we are hopeful for some probusiness policies in the near future to benefit the industry says sumit sawhney country ceo and managing director renault operations in india expert comments we compliment finance minister for announcing the proindia budget that would strengthen the social fabric improve governance and tax rationalization overall a positive budget for both corporates and individuals says vikram s kirloskar vice chairman toyota kirloskar motor pvt ltd and president of society of indian automobile manufacturers siam expert comments overall the budget lays down a blue print for a stable tax regime that can lead to growth in the economy these proposals and announcements made in the budget if implemented effectively should have a positive impact on industry and the economy as a whole going forward the challenge now is the implementation of the proposals our hope is that the market will respond favorably says arvind saxena president and md general motors india expert comments this union budget is growth oriented focussed on bringing in investments while addressing the current account deficit we welcome initiatives on ease of doing business enhancing the global competitiveness of the indian industry skill development for creating employment in rural sectors rationalisation of taxes for gst rollout enhancing social security overall we are hopeful that it will uplift the business consumer sentiments says rakesh srivastava senoir vice president hyundai india expert comments did not see any wow factor in the budget