InvestorQ : What are the major Indian CEOs expecting from the Union Budget 2021 to be announced on 01-Feb 2021?
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What are the major Indian CEOs expecting from the Union Budget 2021 to be announced on 01-Feb 2021?

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ishika Banerjee answered.
3 months ago
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With less than a month to go for the actual budget announcement, the finance minister has already started getting inputs from the industry leaders and opinion makers on budget expectations. Here is a partial wish list of Indian CEOs from the Union Budget 2021.

· Thematically, the CEOs of Indian companies want the Union Budget to help kick-start the next wave of the investment cycle. That had been badly hit by the pandemic.

· Based on the survey of CEOs it emanates that 73% of the CEOs actually plan to invest more in the New Year as they expect more of their work force to return to work.

· Most CEOs were of the view that in the current scenario, major expenditure projects like the new Parliament building and the bullet train were totally avoidable.

· Nearly 80% of the CEOs expect that rural India would be the main driving factor in economic growth and that is already evident from sales of tractors and automobiles.

· Even outside of the Union Budget 2021, while CEOs expect an accommodative monetary policy, they do not expect any further rate cuts during the current year.

· Most CEOs are expecting a major boost to personal consumption spending in the form of tax breaks for the entry and middle level tax payers.

· Corporates are also expecting major incentives for the vaccination drive including the coverage of this aspect under the CSR budget.

· Most CEOs expect a gigantic thrust to Atmanirbhar Bharat self-reliance schemes and a majority expect the scheme to be widened and deepened.

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