CEO of Tesco Business Solutions, Sumit Mitra
“The tax reduction increases the discretionary income of people and households, which is a good and welcome move. More consumer spending is probably going to result from this, especially in the retail industry. It will be crucial to see how this action fits within the government’s overall budgetary restraint, though.
While more focused incentives may have sped up this momentum, India’s increasing leadership in the Global Capability Centre (GCC) area is still strong, and the guideline structure put in place to support GCCs is unquestionably a positive move.