New Delhi, Apr 22: The Confederation of Indian Industry has welcomed the passage of the union and railway budget.CII president Rajesh Shah said that the setting aside of political differences and coming together of all parties in the national interest to pass these economic legislations reflected a "national interest first" approach by all parties.
These developments, said Shah, would strengthen the confidence and keep the image of the country high and have a positive impact on the business and investment climate as well as the capital market. Several steps announced in the budget would also help speed up the process of recovery of the industry and the economy.
Shah hoped that these were a precursor and the pending economic legislations would be passed in this current session of Parliament itself which would put the country as well as Indian industry back on a higher growth path and stimulate higher investment flows. Thus the need for a stable and committed Government alone can ensure economic growthto result in the mitigation of social injustice, Shah added.
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