As Union Finance Minister Nirmala Sitharaman presented the Union Budget 2020, she said, “Finance Minister Nirmala Sitharaman said, “In May 2019, Prime Minister Narendra Modi received a massive mandate to form the government again. People of India have unequivocally given their janaadesh for not just political stability, but have also reposed their faith in our economic policy. This is a budget to boost their income and enhance their purchasing power.”

The budget invited mixed reaction from the industry and political world.

Hailing the budget, Prime Minister Narendra Modi said, “This budget has a vision and an action. It will help to increase farmer’s income. The new reforms announced in the budget will work to accelerate the economy, financially empower every citizen of the country and strengthen the foundation of the economy in this decade. Integrated approach to agriculture was adopted in the budget, which along with traditional methods will increase value addition in Horticulture, Fisheries, Animal Husbandry and also increase employment.”
Meanwhile, Senior TRS leader and vice- chairman of state Planning Commission B Vinod Kumar said the Union Budget presented by Finance Minister Nirmala Sitharaman was “passive” and that the states requests on irrigation and others have not been considered. “Its a passive budget. There is nothing new in the budget. There is no flagship programme,” Kumar said.

Chief Minister Arvind Kejriwal alleged that step-motherly treatment has been meted out to Delhi again in the budget.

Delhi Finance Minister Manish Sisodia on Saturday slammed the Union Budget 2020, saying it offers nothing for education or economy. Talking to the media, he said that there was great anticipation around the Union Budget and people of Delhi had high hopes from the Central government particularly when the elections to the state assembly are merely a week away.

“However, this budget has deceived the people of Delhi in a big way, it lacks any vision and is particularly disappointing in the critical education sector,” the AAP leader said.
The Indian tech-industry has welcomed the thrust on emerging technologies, including quantum computing and building of data centre parks in the country.

Economists have offered mixed views on the Budget with some going public with their disappointment for not taking adequate measures to boost growth, while others said it is on expected lines.

The gems & jewellery industry welcomed the budget proposals that offer lots of sops to boost farmers’ income which in turn will boost gold demand.