From tax rate cuts to job creation, India Inc sees a populist Budget

Tax rate cuts, job creation measures expected: BS POLL

India Inc is expecting a slew of economy-boosting steps such as income-tax rate cuts, increased rural infrastructure spending, and job creation measures in the Union Budget, to be announced by Finance Minister Nirmala Sitharaman this Saturday.

In a snap poll conducted across India, of 25 CEOs, this week, the mood among corporate heads was cautiously optimistic with many CEOs saying the Budget must announce measures to revive economic growth, which is expected to fall below 5 per cent in the financial year ending March 2020. About 56 per cent of the CEOs polled said they expected a “populist” Budget, which