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Reactions to Union Budget 2021

“The current budget has a thrust on globalising supply chains in manufacturing and increased investment in hard infrastructure, which together is a welcome step for SMEs, albeit indirectly and with a lag, since the SMEs will need to experience on the benefits of such investments only in the latter part of 2021 or 2022. I am hopeful and happy about the changes on the healthcare, which is an important area for India, for the Foundation and for the Advantage program. The key is in its implementation.

Also. the act of increasing the threshold limits of the small company definitions is symbolic not fundamentally disruptive. While this will make more companies beneficiaries of the sops and concessions that the government has with a view to protect them, this does not change fundamental competitiveness of the small companies unless they build management capabilities to address and make the best use of the concessions or protection they will enjoy. It is like offering more playground without skilling the players how to win. I was hopeful of deeper, capability building budgetary changes for them.”

– Samir Sathe, Executive Vice President, Wadhwani Advantage at Wadhwani Foundation

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