Union Budget 2014-15 Industry Experts Take Business Today
Business Today
Rationalise indirect tax regime to revive manufacturing

The need for fiscal consolidation and the general perception that the duty cut had little impact on reviving growth could tempt the finance minister to roll back the concession.

R&D spend is an indicator of competitiveness of a country's economy and many countries have set a target of investing one per cent of their GDP on R&D.