Next budget should bring down personal tax rate to 25%: New PHDCCI chief

In a Q&A, Sanjay Aggarwal calls for focus on infra, flow of investments, creating a conducive environment for companies looking to shift businesses from other countries to India

Sanjay Aggarwal, chairman and CEO of Paramount Cables, took over as president of PHD Chamber of Commerce and Industry at a time when the economy is facing uphill task to recover. He tells Indivjal Dhasmana the next Budget should bring down the maximum rate on personal income tax to around 25 per cent even as eminent economist Joseph Stiglitz called for imposing super rich tax. He says focus of the budget 2021-22 should be on prioritising infrastructure development, inducing flow of investments, creating conducive environment for companies looking to shift their businesses from other countries to India, enhancing competitiveness of