As union finance minister Nirmala Sitharaman will present her maiden budget in parliament on July 5, industrialists discuss their expectations.
Uday Kotak, managing director, Kotak Mahindra Bank, said, "We cannot grow the economy with debt alone and there seems to be debt overhang and we have seen this over the years."
Budget wishlist 2019
"We need to make the cost of equity attractive and make it low. Therefore, we have suggested some ideas like the reduction of dividend tax. However, the government and finance minister should look at the entire cost of equity and the sentiment around equity," Kotak added.
Vikram Kirloskar, president of Confederation of Indian Industry (CII) and vice chairman, Toyota Kirloskar, said that the cost of doing business is as important as ease of doing business.