The CII has spearheaded a petition with over 15,000 signatories prevailing upon parliamentarians to carry out their legislative responsibilities so that the country can move ahead with urgently needed economic reforms. GST is one such key legislation, which needs to be enacted. The implementation of this crucial tax reform can add 1% to India's GDP growth. Apart from this, there are a number of other legislations that are urgently needed to kick-start our economy.
Kiran Mazumdar-Shaw is the Chairperson and Managing Director of Biocon Limited, a biotechnology company based in Bangalore, India.
This Budget would need to push through long pending economic reforms, give a thrust to the creation of world-class infrastructure, usher in overdue tax, labour and regulatory reforms, unveil business-friendly policies and boost India's healthcare sector.
24/02/2015 6:15 PM IST
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