A mixed budget: Sanjay Bhutani

Sanjay Bhutani, Managing Director – India & Saarc, Bausch & Lomb India, tells, “The Budget 2018 has been presented in the backdrop of economic growth expectations in the region of 8 per cent in near future and a target to reduce fiscal deficit. The Budget has done well on directing the government’s priority to two important sectors for the economy, Agriculture and Health. As for the direct tax proposals, the proposal to reduce the tax rate of 25 per cent for companies with revenues of Rs 250 crores is welcome as this is a step-in direction to reduce direct tax rates to make this comparable to competing economies.”