Manu Parpia, MD & CEO, Geometric On Budget Expectations

While there are a number of expectations from the budget from a taxation and infrastructure growth perspective, one thing that is really needed is clarity to the government’s approach towards transfer pricing policy. Today, without doubt, the way transfer pricing is sought to be implemented is detrimental to the growth of multinationals in India. Therefore, to make India a truly global business power and help grow Indian multinationals, the government must make the policy transparent and less arbitrary.