India is at a critical economic juncture – one that could reshape the way the country and the world does business in the future. The World Economic Forum’s forecast that a weak Indian economy could be a drag on other countries is testimony to the scope and impact of the country’s fiscal gravitas.
The country is going through a slump phase and the industry is apprehensive of the growth drop and low demand. Industrialists feel the corporate tax sops need to be channelized to secure gains in the short and long term. The government is also striving hard to pump in more cash into the system by multiple means, in a bid to keep the sagging economy afloat.
In an effort to pitch the concerns of the industry to the government and make their voices heard, The Federal and SICCI have partnered to organize a session on ‘What the India Inc is looking forward.’
Eminent industrialists and business stake-holders discuss their expectations from the 2020 Union Budget amid the economic crisis. The panellists talk about how industrial growth has been hit by the economic slowdown and what needs to be done to induce growth.
SICCI chairman R. Ganapathi, Former Revenue Secretary M.R. Shivaraman, M Murali, chairman and managing director, Shriram Properties; Rafeeque Ahmed, past president of SICCI and chairman, Farida Group; B. Sriram, chairman SICCI Taxation Committee; Sunil Singhania, Abakkus Asset Mananger LLP; Karthik Jeyaraman, Carlyle Global Partners, London; and K. Srinivasan, former MD, Carborundum Universal Ltd will take part in the panel discussion. It will be moderated by journalist Aarthi Krishnan.