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We can attain 7-8% economic growth rate in next 3-4 years: Sanjeev Malhotra

The budget brings good news for entrepreneurs with the allotment of 10000 crore as VC Capital fund for the MSME, while increasing the capital ceiling.

July 10, 2014 6:22 IST | India Infoline News Service

"The Finance Minister has done a fine job by focusing more on the infrastructural development especially in the rural areas. I believe that with moves like this we can attain 7-8% economic growth rate in next 3-4 years. More importantly it will generate employment for the rural and semi urban youth across levels." Malhotra said


"However it is good to know that effective steps are to be taken by the government to revive the Special Economy Zones (SEZs), hopefully this will become a beehive of activity for entrepreneurs and/or technology and service firms who employ young people"


"The budget brings good news for entrepreneurs with the allotment of 10000 crore as VC Capital fund for the MSME, while increasing the capital ceiling.  He is terming it as the backbone of the economy and special committee being formed will be very helpful. If eminent, inspirational and credible achievers across the spectrum are included it will send out a strong signal. Another indicator which is heartening is the intent on an aggressive pace of growth e.g: 22km of road construction vs the 3km or so achieved in the past years"

"The budget emphasizes a lot on education. The increase in number of IIMs and IITs is truly a good sign for growth, opportunity and development when it comes to the youth and the nation."


"All in all the youth and entrepreneurs can perhaps look to a strong climate of change that is evident with ‘acche din’ on the horizon." He further added

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