Breakfast Briefing on India’s 2014 Budget

Richard Rekhy, CEO, KPMG India and Jaspal Bindra, CEO, Standard Chartered Bank Asia, joined Asia House corporate members for an exclusive roundtable discussion, held under the Chatham House Rule, on India’s 2014 Budget and its impact on the rest of the world.

The Government of India’s new Prime Minister Narendra Modi presented its inaugural budget on Thursday 10 July.

Companies represented at the briefing included ANZ, AIG, Arup, Barclays, HowardKennedyFSI, G3, Tesco, Lloyds Banking Group, Infosys Ltd, Rio Tinto and Prudential.

Topics discussed included comparisons of the NDA Budget with Budgets during the Congress-led UPA-II government, infrastructure projects and proposed industrial corridors in India; the impact of the Budget on FDI (foreign direct investment) and FII (foreign institutional investors), as well as its impact on job creation, the fiscal deficit, defence, insurance, and banking (including the effect of Basel III norms); India’s proposed goods and services tax, the mobile revolution in India and India’s extremely low tax base.

Asia House private briefings are open exclusively to Asia House corporate members. For more information on corporate membership please contact Vivi Qi, Asia House Corporate Membership Manager.