India’s leading Airlines and by and large most popular carrier among Indian – IndiGo Airlines’s top executive has termed the Union Budget 2022-23 as “growth-oriented” while expecting a cut in the excise duty on jet fuel.
“Budget 2022-23 appears to be growth-oriented by an increase in the capital outlay of Rs 7.5 lakh crore, fiscal deficit capped at 6.4 per cent and efforts are being made to reduce compliance burdens and improve ease of doing business,” IndiGo Whole-Time Director and CEO Ronojoy Dutta said.
Also, besides facilitating the seamless movement of cargo, the plan will reduce logistics costs as well, he added. “Having said that, we were expecting tax concessions to the aviation industry in the forms of cut in ATF (aviation turbine fuel) excise duty and the allocation of concessional finance to airlines to help us come out of the pandemic,” Dutta said.
Earlier, Finance Minister Nirmala Sitharaman in her Budget Speech on Tuesday said the PM Gati Shakti National Master Plan is a transformative approach for economic growth and sustainable development and is driven by seven engines including roads, railways, airports, ports, mass transport, waterways and logistics infrastructure.