Budget 2024: Industry Bodies Call For Tax Cuts, GST Reforms, Capital Gains Tax Rationalisation

Confederation of Indian Industry (CII) President Sanjiv Puri highlighted the robust state of the Indian economy, stating, "The economy is on a very strong footing. We achieved GDP growth of 8.2 percent last year when the world was muted, and this is due to the slew of purposeful measures taken by the government over several years." He noted the optimism among CII members and forecasted an 8 percent growth for the coming year. Industry bodies have also put forth tax reform suggestions to the Revenue Secretary, emphasizing the need for further policy adjustments to sustain and enhance economic growth.