The United States– India Strategic and Partnership Forum President Mukesh Aghi said, the Indian government’s Tax Cut move will make Indian companies globally competitive.
The United States corporate sector has praised the government of India for significantly slashing the Income Tax rate to 25.17%.
Mr. Aghi also said that the move will allow global companies a good option for growing their manufacturing base in India.
Tax cuts will also provide a major boost to investor confidence – US-India business Council President Says.
President of US-India Business Council Nisha Biswal said, the move will provide a major boost to investor confidence, paving the way for the investments in the country.
The government of India on 20th of September slashed the income tax rate for companies by almost 10 percentage points to 25.17% and offered a lower rate to 15.01 per cent for new manufacturing firms to lift economic progress.