Govt should take steps to encourage domestic savings: Atul Pradhan

Govt should take steps to encourage domestic savings: Atul Pradhan Here are the views of Atul Pradhan, Founder, Transfolign Consulting on the upcoming Union Budget 2013-14.


1. What is your wish list for forthcoming Budget?

Moderate corporate and personal taxes. Steps to encourage domestic savings and for channelizing these savings into infrastructure development activities. Fair and transparent basis of ensuring that all economic activity is taxed appropriately and moderately. Reduction of discretionary power to both politicians and bureaucrats. Measures to reduce deficit.

2. How do you see overall industry outlook going into FY14?

Cautiously optimistic. Some incentive for capital investments will be useful in ‘priming’ the sector.

3. Could you share outlook for the company? What is your growth target for FY14?

We expect our clients to grow at moderate levels. Overall growth in the economy is expected to be 5-6% (given that this is an election year and will have some ‘populist’ schemes).

4. Will you elaborate on your current and future capex and expansion plans?

We expect our clients to be cautious and only invest where there is an immediate requirement. Limited investment in ‘aspirational’ businesses.