India presses the growth reset button
Editorial Comment ‘India Global Business’ gives its take on India’s latest tax cuts. Indian Finance Minister Nirmala Sitharaman last week unveiled her boldest tax move yet. In one fell swoop, she cut India’s corporate tax rate from 34 per cent to just over 25 per cent. Further, she announced a new tax rate of 17 per cent for manufacturing companies setting up after 1 October this year and commence operations before 31 March 2023. These are, easily, the most aggressive [...]