Industry hails Budget’s targeted carve-out for inbound global talent

The budget proposed a five-year exemption on foreign-sourced income for non-resident individuals offering services in India under notified government schemes, allaying fears of double taxation.Experts and industry watchers said this is likely to materially improve India’s ability to attract and retain foreign specialists for longer durations, especially in these sunrise sectors which rely heavily on embedded global experts.“We view it as a big positive because we have been hiring a number of expats,” an exe ...