Pre-Budget Expectation 2019 by Mr. Guprit Singh- Managing Partner and Co-Founder at Umbrella Infocare

We expect drastic announcements in this budget from Modi 2.0 government to Improve business growth and overall sentiments to achieve the vision of USD 5 Trillion economies by 2025 and the third largest economy by 2030. We expect reducing Income Tax for corporates and Individuals(max. slab of 25% for all), make equity more tax-friendly by removing STT ( this will pump in more liquidity in the system internally and thru foreign investment),encourage investment in R&D to make India a high-value producer of goods and services, friendly policies for sectors like IT, Tourism and Manufacturing which have huge growth potential and employment generator, increased budget allocation for Infrastructure, Healthcare and Defence sector.

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