File Photo of Lord Swraj Paul
Welcoming the Indian budget as "pragmatic and sensible", London-based Indian origin industrialist Lord Swraj Paul said on Thursday that it would send a positive signal to foreign investors.
Paul, founder-Chairman of the Caparo Group, which has sizable investments in India in the steel and automotive sectors, said, "I congratulate Finance Minister Arun Jaitley and Prime Minister Narendra Modi for clearly laying out the roadmap for economic recovery of the country.
"Jaitley deserves all praise for presenting a budget that clearly lay the foundation for implementing the promises made by the BJP during the election campaign. He has inherited a tough economic situation but it is clear that he is not daunted by it. The budget will restore faith in Indian economy and give confidence to foreign investors," Lord Paul said.