The Industry bodies FICCI and CII today welcomed the Union Budget presented by Finance minister P. Chidambaram. FICCI President Naina Lal Kidwai termed the measures announced in the budget as responsible and well managed. She also lauded efforts to contain the current account deficit and announcements on tax free bonds to energize the Road and Highway sector.CII President Adi Godjrej termed the Union budget as development oriented and said it aims at inclusive growth. Mr Godrej also commended finance minister Chidambaram for containing the fiscal deficit to 5.2 per cent in the current fiscal and measures to lower it down to 4.2 per cent in the next fiscal.