MS. NIDHI YADAV, CREATIVE HEAD AND FOUNDER AKS CLOTHINGS
“No doubt, the most commendable effort of the present administration towards boosting local manufacturing and startups is contained in the proposed 2020 budget announced by the honourable minister for finance. The new initiatives contained in the new budget, such as the plan for NBFCs to increase invoicing to MSMEs and the plan to increase the interest subvention scheme to MSMEs by a year will increase productivity in both our local manufacturing and service industries. In a country where MSMEs is responsible for about 45% of manufacturing, 40% of exports, and 28% of total GDP; if the above initiatives proposed in this budget is faithfully implemented with no political undertones, it will not only lead to sustained economic growth, but it will also lead to an increased rate of economic growth.”
