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With cost pressures mounting, 91% of Indian firms plan finance budget reductions: EY

By Economic Times - 15 hours ago
Indian companies are prioritising cost reduction amidst financial strain, with 91% planning cuts to tax and finance budgets. The EY report reveals this shift while highlighting the increasing complexity of tax responsibilities and the growing adoption of generative AI in tax functions, with 94% of Indian CFOs recognising its potential.

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