U.S.-India Business Council's Recommendations for the Union Budget 2018-19: A sector-wise breakdown
The U.S.-India Business Council (USIBC) and its membership comprised of the world’s top global companies investing in India, remain committed to supporting the Government of India in the implementation of policies that support the momentum underway that will continue to propel India’s growth story. These efforts include implementation of the Goods and Services Tax Regime, the regulatory framework for the Bankruptcy and Insolvency legislation, and improvements under India’s Ease of Doing Business initiatives.
USIBC stands as a full partner to growing a thriving new chapter in the India-U.S. commercial partnership and recommends the following overarching themes to the 2018-19 Union budget: 1) Creating a fair, transparent tax environment; (2) Grow the economy by attracting long-term foreign investment; and (3) Bolster a sound policy framework for growth of business.
Below is a breakdown of certain recommendations by sector: