Shankar Narayanan, Co-head, Carlyle Asia Growth Partners
Union Budget 2015 is projected to encourage capital expenditure through a mix of public sector / government spending on capacity and infrastructure building.
It is also expected to encourage the private sector through a mix of administrative and fiscal incentives.
We are also expecting an improvement in India's attractiveness as a regional financial hub by aligning financial sector regulations and taxation laws with global norms including issues like tax pass-through, encourage global and regional fund managers to set up base in India and provide a hassle-free operating environment.
An alignment in indirect and direct tax laws is needed to encourage higher manufacturing value addition in India across sectors, rather than letting it be only a market for finished products.