Vishesh C. Chandiok, CEO, Grant Thornton Bharat

This budget has given a big push to set the Indian economy on a high growth path for the rest of this decade. A path breaking budget that has resisted the calls for fiscal deficit focus and debt/GDP centricity. 2021, along with the Atmanirbhar Bharat announcements of 2020, will be remembered as the new 1991.

Vishesh C. Chandiok
CEO, Grant Thornton Bharat

Vikas Vasal, National Managing Partner – Tax, Grant Thornton Bharat LLP

A bold budget in the backdrop of the pandemic and huge fiscal deficit. Focus has been to open up the economy further, boost capital formation, increase government spending, step up the disinvestment process and continue administrative policy reforms.

Status quo on tax rates is a big relief to the tax payers and provides re-assurance to investors about the government’s resolve to provide certainty on broad tax policy framework.

Vikas Vasal
National Managing Partner – Tax, Grant Thornton Bharat LLP