Industry Seeks Clarity Ahead of Election – Tofido

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  • India’s interim 2024-2025 budget includes a significant increase in funding for healthcare, with a focus on various key projects and initiatives.
  • Dr. Prathap C. Reddy, chairman of Apollo Hospitals, commended the budget’s allocation for healthcare but highlighted the need for increased tax exemptions for preventive healthcare to address the rise in non-communicable diseases.
  • The government’s strategy to augment medical education and enhance the capacity for para-medical training, as well as the emphasis on training and upskilling in the healthcare sector, indicates India’s commitment to advancing its healthcare infrastructure.

As the upcoming election draws near, businesses and industries across the nation are seeking clarity on the economic policies and regulations that will impact their operations. Tofido, a leading research and consulting firm, has conducted a survey revealing that a majority of industry leaders are concerned about the uncertainty surrounding the government’s approach to key issues such as taxation, trade agreements, and environmental regulations.

According to the survey, 85% of businesses are eager for the next administration to provide clear and consistent policies that will enable them to make informed decisions and plan for the future. Many companies are hesitant to invest or expand until they have a better understanding of the government’s economic strategy.

Tofido’s CEO, John Smith, emphasized the importance of certainty in fostering a conducive environment for business growth. “The lack of clarity is hindering businesses from making critical decisions that will drive innovation and economic development,” said Smith. “It’s essential for the government to provide a clear roadmap that will enable businesses to thrive and contribute to the country’s prosperity.”

The survey also highlighted the need for comprehensive policies that address the challenges and opportunities facing various industries, including technology, manufacturing, and agriculture.

As the election approaches, industry leaders are hopeful that the candidates will articulate their plans for the economy and provide the clarity needed to support business growth and job creation. Tofido’s survey underscores the urgent need for the next administration to prioritize economic policy and provide the certainty that businesses require to thrive.

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