Top Economists' Wishlist On Tax Policy From Next Budget In July

In anticipation of the upcoming full budget in July, leading voices in taxation and economics have articulated their wish list for India's tax policy. Sudhir Kapadia, Senior Partner at EY Tax & Regulatory Services, emphasizes the importance of minimizing uncertainty by maintaining a stable tax regime. This sentiment is echoed by Ved Jain, a prominent tax expert, who suggests that the government should prioritize supporting the manufacturing sector through tax structures that incentivize the establishment of new industries. Rajeev Mantri, an author and venture capital investor, advocates for the implementation of a new direct tax code, addressing outdated aspects to streamline and modernize the tax system. Arun Kumar, Author and former professor of economics at JNU, emphasizes the role of taxation in addressing societal issues such as joblessness, suggesting that the tax policy should be geared towards enabling solutions to these pressing challenges.