Security personnel stand guard near sacks containing the papers of the federal budget for the 2014/15 fiscal year, at the parliament in New Delhi July 10, 2014. REUTERS/Adnan AbidiPrime Minister Narendra Modi’s new government on Thursday unveiled a first budget of structural reforms that seek to revive growth, while spurning the temptation to resort to higher borrowing.

(Click here for Budget 2014 highlights)

India Insight spoke to people in New Delhi’s central business district for their thoughts on the budget:

ASHISH SHARMA, 36, regional manager, Bharti AXA

“Decision to increase FDI in insurance is welcome. This means that more expertise will come into the sector, which is good for general insurance.”

SWATI, 26, media professional

“The decision to introduce a curriculum on gender is a much needed move because children need to be educated about gender from a very early age.”

VIJAY KUMAR, manager, consulting firm

“The tax exemption limit (for individuals below 60 years) is not enough. It should be increased to at least 300,000 rupees.”