I Believe in
Economic growth and development have been the core focus of Naval Bajaj. His background as an entrepreneur and president of Indo-Canada Chamber of Commerce has been significant in shaping his vision for the Canadian society. Since a variety of factors contribute to economic growth, we cannot rely on traditional policies to augment economic development. Unfortunately, recession, Covid-19 pandemic, geopolitical factors and similar exogenous factors remain a major deterrent for our society.
Naval believes that by focusing on youth, small business development, quality immigration, our economy can clock success in the shortest possible time. Thus, through his various endeavours, he aims to foster an expansion, retention, and growth strategy for Canadian businesses.
Advocating Self sufficiency
Naval helps Businesses grow and enhance shareholder value by providing strategic advice. His expertise lies in advising on growing business, making more profitable, growing efficiency, global expansion, people planning, infrastructure, effective operation, skill development, and digitalization.
Naval is passionate about sharing his best practices to help the businesses grow by unlocking their full potential, unleashing the power of the Indian diaspora and working toward further build up the Indian community and its benefaction and offering to Canadian society.
At present, the Canadian economy is driven by consumer spendings and the same is a major source of inflation in the long run. On the other hand, by promoting small businesses, we can help to drive the economy and safeguard the interests of workers and raise their contribution to the overall growth of the nation.
These factors help to promote business spending and prosperity for all. Naval believes that tax cuts and rebates are an ideal way to boost job growth and economic development.
By promoting tax cuts and rebates, more money is returned to the consumers and subsequently, augmenting business investments, expansions, stronger cash flow, profits and business revenues.
In 2017, the Trump administration proposed, and Congress passed the Tax Cuts and Jobs Act.1 The legislation lowered corporate taxes to 20%— the highest corporate income tax rate was 35% before the bill. Various personal income tax brackets were lowered as well. The bill cost $1.5 trillion and is designed to increase economic growth for the next ten years.
For with any stimulus used to induce economic growth, it’s often arduous to pinpoint how much growth was created by the stimulus as well as how much was generated by other resources and market forces.