Biz chambers bullish on rise in fin allocation

Kolkata: Leading business chambers and industry houses have hailed the state budget for 2022-23.

Rishabh C Kothari

, president, MCCI, said that this one is growth-oriented people’s budget and increase in allocation in almost every sector of the economy will drive growth in consumption. “The eight-time increase in budgetary layout will provide enough room to the state’s human development index,” he added.

Vivek Jalan

of The Bengal Chamber said that with a total outlay of Rs 3,21,030 crore the government has kept its main focus on labour-intensive sectors of trade and industry, social sector, social welfare and backward class welfare.

Vijay Diwan

, chairman of CII (eastern region), pointed out that the budget balances growth and welfare.

Ramesh Kumar Saraogi

, president, Bharat Chamber of Commerce (BCC), said that state has once again laid stress on unique humanitarian projects. He observed that the state government’s forecast of attaining a GSDP (gross state domestic product) growth rate of 12.8% for the current fiscal seems plausible. Patton MD

Sanjay Budhia

pointed out that the state budget successfully adopted multiple strategies to address many issues simultaneously pertinent to overall development. Emami director Aditya V Agarwal said the pragmatic budget allocations covering important sectors will go a long way to overall socio-economic progress of the state.