Expressing satisfaction over the various proposals of the Budget, Godrej Group Chairman Adi Godrej said: "I think it was a very well balanced Budget and growth oriented. It will be very good for the economy. The decision to formally introduce the constitutional amendment for GST is a very good one."

He said increase in limit for income tax exemption for tax payers will add to consumption "which is desirable".

While welcoming the reduction in surcharge for companies from 7.5 per cent to 5 per cent, Godrej, however, said: "It is desirable, although I would have liked to see surcharge completely removed. I didn't see any thing negative in the Budget. But what I like the best is that the widely expected increase in excise duty was very sensibly not resorted to.”