Views on Union Budget 2017- Kalpana Sampat, CEO and Jonathan Anchen, Head of Economic Research & Consulting, Swiss Re

New Delhi, February 04, 2017

Kalpana Sampat, CEO, Swiss Re India Branch – “Increasing allocations for Fasal Bima Yojana and targeting greater insurance coverage is a positive move to close the protection gap in agriculture. A robust crop insurance framework is an important stepping stone towards food security and financial stability for farmers. Efficient irrigation is the need of the hour and the dedicated micro-irrigation fund is also a welcome move. Finally, the health action plan is an important acknowledgment that the country needs to improve access to health care.”

Jonathan Anchen, Head of Economic Research & Consulting, India, Swiss Re – “It is a balanced budget with several measures to ease the process of doing business. This will positively impact economic growth. The initiatives to incentivise manufacturing, clear red tape for foreign investment, institutionalise the dispute resolution mechanism for infrastructure projects, higher allocation for highways, etc, are very positive steps. The digital economy too will get a strong boost with high-speed broadband connectivity on optic fibers, and encouraging digital transactions.”

Corporate Comm India(CCI Newswire)