Post Budget Reaction From Somshubhro Pal Choudhury, Managing Director, Analog Devices India (ADI):
“The 2015 budget is well balanced and sustainable with a prudent mix of fiscal discipline and much needed investment across key sectors like infrastructure along with a well thought out safety net for the poor under a financial inclusive agenda. The positive aspects that I see immediately apparent are the reduction in Corporate Tax to 25% in the next subsequent years, the #MakeInIndia initiatives with several corrections to the inverted duty structure and the national skill development mission for the tens of Millions of young Indians joining the workforce every year. Innovative schemes of monetizing Gold, preventing leakages and corruption with direct transfer and Digital India initiatives, the ultra-mega power projects for the commitment of 24/7 power, support of the startup ecosystem, the scheme for the alternative energy development and the direction towards GST are the steps in the right direction.What I would have liked to see more was incentivizing the companies to do more R&D and manufacturing from India.”
