Budget 2022: From tax relief to ease of doing business, here’s what corporates want from finance minister

Corporates have a long wishlist for Budget 2022 and hope Finance Minister Nirmala Sitharaman would have factored it in. From relief in taxes, internet connectivity, incentivising digital transactions to skill training — the list goes on. The International Monetary Fund (IMF) has cut India’s economic growth forecast to 9 percent for the current fiscal year ending March 31, joining a host of agencies which have downgraded their projections on concerns over the impact of a spread of new variant of coronavirus on business activity and mobility.

In its latest update of World Economic Outlook, the Washington-based international financial institution, which had in October last year projected a 9.5 per cent GDP growth for India, put the forecast for the next fiscal FY23 (April 2022 to March 2023) at 7.1 percent. The Indian economy had contracted by 7.3 per cent in the 2020-21 fiscal year.

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