India Budget 2018
It is clear that India’s macroeconomic situation has improved. The implementations of the GST and more tax payers entering the economy have helped Mr. Jaitley target a lower fiscal deficit of 3.3 percent for next year. The rollout of a National Healthcare policy covering 50 crore citizens is nothing short of path breaking. If implemented correctly, it can transform India’s health map. The FM providing more tax benefits to senior citizens experiencing rising inflationary costs is a step in the right direction. And the introduction of a Long Term Capital Gains Tax of 10 percent should be digested easily given the buoyancy in capital markets. A cut in corporate tax to 25% for companies with sales below `250 crore will help the mid cap sector flourish.
Preetha Reddy is the Vice Chairman of Apollo Hospitals