Mumbai: Reserve Bank of India (RBI) governor Bimal Jalan on February 1 termed the Union Budget for 2002-03 as "extremely well crafted, reformist and forward looking".

"The measures for enhancing investments, particularly in infrastructure and agriculture, will definitely boost investments and growth," Jalan said.

The Budget has also given a strong thrust to development of financial markets, Jalan said in a release adding that it builds on far reaching tax reform measures introduced by India in respect of direct and indirect taxes, which are on par with international best practices.

PTI