Budget 2022: 75% Positive About Economic Growth, 90% For Atmanirbhar Bharat, Finds Deloitte Survey
News 18Despite the third Covid wave, more than 75 per cent business leaders are positive about India’s economic growth and expansion ahead of the Union Budget 2022-23, according to the survey by Deloitte Touche Tohmatsu India LLP. Compared to 58 per cent last year, about 91 per cent respondents believe the ‘Atmanirbhar Bharat’ initiative, coupled with monetary policy actions by Reserve Bank of India, including extending EMI reliefs, and reducing repo and reverse repo rates, contributed to bringing the economy back on track. The survey results show industry perception towards group taxation has changed significantly, as 70 per cent respondents now feel that this idea should be implemented within the next year. About 56 per cent respondents also believe that the PLI scheme was a game-changer especially for the telecommunication and technology industry, followed by the electronics, and life sciences and healthcare industries.