'Rome was not built in a day'.
That seems to be the initial sentiment of business leaders on the 2017-18 Union Budget presented by Finance Minister Arun Jaitley.
The leaders, who congregated at FICCI in New Delhi on Wednesday, said there were a lot of positives in the Budget. They also insisted that the effects of demonetisation were short term, and would wither in the coming months, as Jaitley said in his speech.
However, they were disappointed by the fact that the Budget did not have much for big businesses, and that corporate tax remained intact - something which had been brought down by 5% for Micro, Small and Medium Enterprises.
However, all the experts Catch spoke to, including former NASSCOM chief Som Mittal, Devin Narang, managing director of Sindicatum Carbon Capital, Krishan Malhotra, partner with Dhruva Tax Advisors, and Brijeshwar Singh, the former chairman of the National Highways Authority of India, say it will have positive long-term impact on the economy.