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Here’s how India Inc has reacted to the Union Budget 2020

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FICCI:

The industry body welcomed Union Budget 2020, saying this could be a Budget which is a step towards further empowering individual, industry and the nation as a whole.

NASSCOM:

The apex body for information technology industry sees the Budget as a huge win for India’s start-up ecosystem. It said that the government has taken a positive step towards enhancing the start-up ecosystem by allowing 100 per cent profit deduction for 3 years out of 10 years for start-ups with turnover up to Rs 100 crore.

Confederation of Indian Industry (CCI):

The industry think-tank termed Budget 2020 encouraging as it focused on enhancing purchasing power, creating jobs and innovative business.
It also appreciated removal of Dividend Distribution Tax (DDT) and introduction of classical system of taxing dividend in the hands of shareholders.

Kunal Bahl, CEO of Snapdeal:

“Overall, Budget 2020 is a thoughtful weaving together of specific proposals to tackle varied issues. Measures to improve access to finance for MSMEs and reduced taxation for the middle-income segment are welcome steps.

S. Chandramohan, Chairman, CII

Tamil Nadu State Council, said the scheme of solar grid connected power set in barren land for farmers and the support given for horticulture in the Budget through “one district one product” announcement was welcome.