Key findings of the survey
Focus of the Budget: Expectations are high on bold policy announcements to boost investment into infrastructure and large projects as well as increase consumption. 67% of those surveyed hope to see policy initiatives in infrastructure sector to propel the economy in the right direction.
Sector wise impact: Respondents ranked the agriculture sector, healthcare and pharma sector; and manufacturing and industrial sector amongst the top three sectors that they feel should receive the greatest thrust.
Growth-related optimism: 60% respondents believe that the Indian economy is on the growth path. 67% are optimistic about India's infrastructure and consumption spending in the coming year.
Tax rates: Despite the rising fiscal deficit, 55% believe the government should not tinker with the tax rates and maintain status quo. However, 90% believe that the government should provide relief to individual taxpayers.
Tax reforms: On expected tax reforms, 75% believe transfer pricing, customs and corporate tax areas are most in need of reforms. However, 67% felt that there is simplification required in the TDS and TCS provisions.