Pre-budget 2018 Reaction Mr. Rakesh Dugar, CMD- Mitashi Edutainment

Chairman-&-Managing-Director-Mitashi-Rakesh-DugarPost GST, the budget has lost a lot of its importance as a large part of the expectations from the budget were related to Indirect taxes, we think that the government will go for a modest/populist budget to ensure a balanced/positive sentiment before the elections. The budget needs to make it easier for companies to shift their manufacturing into India, right now we see a lot of companies scrambling to shift their base without the infrastructure in place or 100% clarity in the rules. We will need long-term clarity in the taxes which can promote trust and allow people to invest into manufacturing, we believe India has the capability to become a major export hub for consumer durables but needs good and stable policies to ensure that we can explore this potential. News Service

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