February 28, 2011 2:09 PM

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Corporate world terms budget 2011-12 as positive & growth oriented

The corporate world today welcomed the budget terming it as positive and growth-oriented. FICCI chief Rajan Bharti Mittal said the budget is balanced. CII President Hari Bhartia said the finance minister has not taken the last year's growth for granted . He, however, said the Finance Minister should have given more stress to the health sector and the demand for treatment of healthcare as infrastructure has been overlooked. Expressing similar views, Kotak Mahindra Bank Vice- Chairman and Managing Director Uday Kotak said budget is positive for the equity and bond market. Society of Indian Automobile Manufacturers President Pawan Goenka said the budget will allow advanced technologies to be developed in India rather than importing technology.

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