Mumbai, Oct. 31 -- Industry body PHDCCI on Wednesday presented a pre-budget memorandum to Ministry of Finance, aligning with Viksit Bharat, Ease of Doing Business and Make in India Vision. It proposed growth-oriented tax reforms to boost investment, innovation, and manufacturing competitiveness. A high-level delegation from the PHD Chamber of Commerce and Industry (PHDCCI) presented its Pre-Budget Memorandum to the Department of Revenue, Ministry of Finance, Government of India.

PHDCCI's recommendations emphasized creating a growth-enabling, predictable, and innovation-driven tax ecosystem that supports India's transition toward a Viksit Bharat by 2047 and strengthens its position as a global manufacturing and knowledge hub under the Mak...