Budget reflects a govt willing to take bold steps to transform economy

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Budget reflects a govt willing to take bold steps to transform economy - Business Standard

Quick Summary:

The ease of doing business agenda, aimed at fostering a more investment-friendly and globally competitive business environment, capitalises on existing economic momentum.

Additionally, income tax reforms are set to boost disposable incomes, which could, in turn, stimulate consumption and drive demand in a slowing economy making it more conducive to business growth.

India’s regulatory framework has long been prescriptive and onerous, often stifling businesses with excessive compliance requirements.