<div class="section1"><div class="Normal">Union Budget 2005-06 is an inspiring exercise in translating a lofty vision into meaningful figures, long-term missions into short-term programmes and, matching promises with performance. <br /><br />It seeks to harness productive energies, ensure equitable growth and takes India forward towards the goal of global leadership.
The PM and FM emerge from it as a formidable combination of wisdom and boldness. <br /><br />Chidambaram has brilliantly outlined an internally coherent paradigm of investment, infrastructure development and employment creation. The Budget presents a viable strategy based on greater access to foreign capital, competitive financial intermediation, improved credit flow, rise in exports and transition from small to medium-sized enterprises. <br /><br />Budgetary support to a wide spectrum of infrastructure domains - from agriculture, post-harvest facilities, irrigation, water supply, housing, rural electricity, rural roads to telecom connectivity - show the irreversible impulse of bringing qualitative change in the life of the common people. <br /><br />The human face of the Budget particularly impressed me. There is an attempt to reach out and relate to different sections of Indian society - from farmers, weavers, children, students to the underprivileged, minorities, women and senior citizens. I see this as an endeavour to make them inclusive to the process of growth and development. <br /><br /></div> </div><div class="section2"><div class="Normal">Significant increases in budgetary allocations for skills development, rural health, integrated child development, drinking water, and sanitation are important measures aimed at building greater human capacity.<br /><br />I''m enthused at the focus on building world-class universities in India, beginning with an immediate initiative in Bangalore. <br /><br />Manufacturing competitiveness, garnering a greater share of world trade and developing Mumbai as a financial hub in this part of the world are components of the same vision - of placing India in the league of global players. Modernising the manufacturing sector reflects a carefully thought out strategy. <br /><br />Seeking to mobilise additional resources in a benign manner, based on greater spread of taxation and better tax compliance shows the FM''s creative response to complex financial challenges.<br /><br />In essence, the Budget''s inspirational - of an India that''s one within and one with the world, cares about common men and opens new opportunities for pursuit of excellence by its youth.<br /><br /><span style="" font-weight:="" bold="" font-style:="" italic="">Mukesh Ambani is chairman of the Rs 135,000-crore Reliance group, India''s largest business house.</span></div> </div>