Sudesh K Aggarwal, Chairman of Giant Group, said he sees

great emphasis on the growth of farming, agriculture and rural development sector, which will benefit very large section of the society.

"Doubling the farm income in 5 years is very ambitious and difficult to achieve when projected agricultural growth is only 4.1 per cent and 1 year has already passed since the announcement in the last budget," he said.

According to Aggarwal, two third of the GDP growth comes from consumption and at the moment consumption is down due to demonetisation.

"I am not so sure how this budget will stimulate consumption. The government seems to be aware of its responsibilities and efforts have been made in the Budget to put economy back on track after the recent demonetisation shocks," he said.

Sudhesh Giriyan, COO, Xpress Money, said the Union Budget's focus on education and skill development is a praiseworthy move since it will increase the employability of Indians within the country as well as overseas.

"In this context, setting up of the High Education Financing Agency and the allocation for multi-skill training institutes are two significant initiatives," he said.

According to Giriyan, the Budget mentions that in the next three years, one crore youth will be skilled this could significantly increase the demand for potential Indian migrants.

"With the increasing requirement of skilled workforce in the GCC region specially to the UAE, this initiative of the Government of India could help the Indian migrant workforce with the right kind of job opportunities," he said.

(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)