Highlights
- Stating the tax cuts as a great stimulus to Make in India, Modi said that his government is leaving no stone unturned to make India a $ 5 trillion
- Battling a six-year low economic growth and a 45 – year high unemployment rate, the government on Friday slashed corporate tax rates for companies by almost (per centllion economy
Prime Minister Narendra Modi (Photo: ANI)
NEW DELHI: Prime Minister Narendra Modi on Friday welcomed the government move to slash corporate tax rate for domestic companies by calling it ‘historic’.
Stating the tax cuts as a great stimulus to Make in India, Modi said that his government is leaving no stone unturned to make India a $ 5 trillion economy.
“The step to cut corporate tax is historic. It will give a great stimulus to #MakeInIndia, attract private investment from across the globe, improve competitiveness of our private sector, create more jobs and result in a win-win for 130 crore Indians, “Modi said in a tweet.
The step to cut corporate tax is historic. It will give a great stimulus to #MakeInIndia, attract private investmen… https://t.co/OHuGEcA9Dq
— Narendra Modi (@narendramodi)1568968028000
“The announcements in the last few weeks clearly demonstrate that our government is leaving no stone unturned to make India a better place to do business , improve opportunities for all sections of society and increase prosperity to make India a $ 5 Trillion economy, “he added.
The announcements in the last few weeks clearly demonstrate that our government is leaving no stone unturned to mak… https://t.co/uuXOQyCA83- Narendra Modi ( @narendramodi)1568968071000
Battling a six- year low economic growth and a 45 – year high unemployment rate, the government on Friday slashed corporate tax rates for companies by almost 10 per cent to 25. 17 per cent to bring them at par with Asian rivals such as China and South Korea , as it looked to boost demand and investments.
In Video: Steps to cut corporate tax historic, win -win for 130 crore Indians: PM Modi
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