Expect to announce measures to boost the economy in the budget

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Mumbai, Ta. 29 January 2020, Wednesday

The Indian industry is expecting to announce measures to boost the economy in the budget presented on February 1st. In order to bring the country out of the current economic downturn, it is expected to cut income tax rates, increase infrastructure spending at the grassroots level and create employment generation.

Finance Minister Nirmala Sitharaman is expected to present a popular budget, saying that the government will have to announce measures to accelerate economic growth in the budget, when the country's economic growth rate is expected to fall below five percent in the current fiscal year.

In a survey conducted by the CEO of the survey, 5 percent of the CEOs estimated that the government would increase rural infrastructure spending to boost the economy. The government will have to increase rural demand, ”said the CEO of a Kolkata-based company.

More than fifty percent of the participants said that the government would not reduce the target of economic growth rate of the country. While 5% expressed hope that the government would reduce the personal income tax. In order to increase consumption, it is necessary for the government to reduce the income tax rate. Many people today shy away from buying cars and other luxury items because of their future concerns.

There is a high likelihood that employment creation measures will be announced, with 5 percent saying. If the country wants to create a five trillion dollar economy by 3, then employment generation is a first requirement.

It is also expected that the Finance Minister will announce favorable measures for foreign investors to increase the flow of foreign money into the country. Foreign investors are also expecting a softer policy from the Indian government.

The Supreme Court's ruling on the issue of Adjusted Gross Revenue has raised the mindset of foreign investors investing in the telecom sector and in the sectors, due to the huge amount of money paid by the telecom companies to the government.

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