kolkata leading business chambers of the city have hailed the union budget as balanced and ambitious icc president mehul mohanka said that the union budget has strived to attain the objective of boosting labourintensive growth and domestic manufacturing in tune with make in india vision to reign in fiscal deficit at a reasonable 59 of gdp for 202324 he highlighted that rationalisation of custom duties will boost exports it would help india become a manufacturing hub of tv and mobile handsetssubir chakraborty president bcci said the last full budget before parliamentary elections is ambitious in its tenets and stands on the twin pillars of wholesomeness and inclusivity reduction in customs duties and rationalisation of direct tax rates is expected to support the aam aadmi and msmes the latter having been alloted an additional collateral free credit guarantee of rs 2 lakh crore he added bharat chamber president n g khaitan congratulated the union finance minister by saying that it a forwardlooking pragmatic and remarkable budget with growth as its mission merchants chamber president namit bajoria said the budget is a step in the right direction with no populist measure and apt focus on msmes women middle and salaried class there is a clear forward direction on make in india with increase in custom duty in products like chimneys etc he added