Budget will revolve around growth, employment generation & boosting consumption: Keki Mistry

economictimes.indiatimes.com:

Keki Mistry, Former VC & CEO, HDFC, says his experience over the years not only in India but in many other countries globally, is that when the tax rate is reduced, compliance is improved significantly and there is a greater urge to work and earn more income. So, a reduction in tax rates, whether it is a different tax rate and also the highest marginal tax rate, will go a long way in improving sentiment, including increasing productivity. At the end of the day, it will also result in higher savings and increased consumption.

It seems like infrastructure, defence, and affordable housing are the themes that have been the focal point of the government. Will they continue to remain in the spotlight for the Budget?
Keki Mistry: In my opinion, the Budget will revolve around three pillars. The first pillar will be growth. Our economy has done extremely well despite all the turbulence that is prevalent in other parts of the world and we have done extremely well because the government has been very focused on reforms and RBI has done a tremendous job in terms of keeping inflation under control. I think growth will continue to be one of the main parameters of the Budget or one of the main goals of the Budget.

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The second goal of the Budget according to me will be employment