The Budget 2015 is highly ambitious and it is the first step towards making India vibrant, said Vice-Chancellor of Acharya Nagarjuna University (ANU) K. Viyyanna Rao, on Tuesday.
Delivering a ‘Budget Talk’ organised by The Hindu Business Line , in association with Nalanda Vidya Niketan, Prof. Rao spoke about budget implications at macro-level.
Referring to monetary policy and fiscal policy, the two most widely recognised ‘tools’ used to influence a nation’s economic activity, he said since the Centre aimed at double digit growth, the focus must be on mobilising investments in agriculture, manufacturing and service sectors.
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Pointing to the large ‘young’ population of India, he said about 66 per cent of the country’s population was young. Catchphrases used by the Government like ‘Digital India’, ‘Skill India’ and ‘Young India’ were aimed at programmes designed to make optimum use of the latest technologies. “Creating Wi-Fi enabled towns and cities across the country is the answer,” he said.
Prof. Rao said that the government should shift focus from the existing slogan of ‘Make in India’ to ‘Made in India’ to ensure quality and prosperity.
Director of School of Planning and Architecture (SPA), Vijayawada, N. Sridharan, said the good thing about the budget was that there was no major shift in economic policy. “That’s the hallmark of our economic stability. We have a policy of insulating economy thanks to forums like BRICS (Brazil, Russia, India, China and South Africa) and the Association of Southeast Asian Nations (ASEAN).” He said the budget was a move forward in development of housing, infrastructure and environment sectors.
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Additional IT Commissioner M.S.V.M. Prasad and CEO of Surya Engineering Corporation Y.V. Krishna Mohan also spoke while Principal of Nalanda Degree College M. Anuradha was present.