Welcoming the Narendra-Modi-led NDA government's maiden Budget 2014-15, industry players said, it sets the tone for attaining higher growth trajectory, job creation and attracting investments for an economy grappling with multiple challenges. CII President Ajay Shriram said, the approach of creating a stable business environment to attract investment and boost economic growth, that direction comes across clearly.HDFC Chairman Deepak Parekh said, with this move, an out of the box thinking will enable long term lending for infrastructure sector".State Bank of India chairperson Arundhati Bhattacharyawelcomed the pronouncements on the consolidation of banks,saying it should be done in a time-bound manner.Tata Consultancy Services Chief Executive and Managing Director N Chandrasekaran said, the budget signals, both in sentiment and policy, the new government's intention to drivethe next generation of reforms and swiftly put India on ahigher GDP growth path.Kris Gopalakrishnan, co-founder, Infosys said DigitalIndia project is an important initiative taken by thegovernment to leverage technology to serve citizens better. It will also help grow the domestic IT industry, he added. Mahindra and Mahindra Director Arun Nanda, however, termed the budget as a populist budget.