From being cautious to being optimistic, India Inc’s business sentiments are drawing closer to pre-pandemic levels, hinting at a more robust performance in the next quarter, a Grant Thornton Bharat Survey said on Wednesday.
The Government’s move to make taxation transparent has been considered as its most impactful initiative (40 per cent), followed by the Production Linked Incentive (PLI) scheme (30 per cent), equalisation levy (20 per cent), and new labour codes (10 per cent), as per the survey findings.
The survey was carried with 3,700+ respondents across digital platforms, hinting at the rising global and domestic optimism related to revenues in 2021.
Six out of 10 respondents feel that reducing the tax and compliance burden will help revive businesses post the second Covid wave. An uptick in direct spending, followed by additional liquidity infusion and increased FDI flows, respectively, are also some of the other relief packages that the respondents feel could help boost cross-border and domestic trade.