PM Modi Terms Corporate Tax Cut Historic, Says Move Will Boost Make In India
Mumbai: Prime Minister Narendra Modi has termed corporate tax as historic and said that this step will give a great incentive to Make in India.
“The move to cut corporate tax is historic. It will be a big inspiration to Make in India, attract private investment from around the world, improve our private sector competitiveness, create more jobs and win-win for 130 crore Hoagie Indians,” PM Modi said in a series of tweets on Friday.
https://twitter.com/narendramodi/status/1174963190091771904
The Prime Minister said that the measures taken in the last few weeks show that the government will leave no stone unturned to improve opportunities for society.
PM Modi tweeted, “It is clear from the announcements made in the last few weeks that our government is leaving no stone unturned to make India a better place to do business.”
PM Modi also hoped that the latest steps would attract private investment from around the world; Increase prosperity to make India a 5 trillion economy.
Battling six-year low economic growth and a 45-year high unemployment rate, the government on Friday slashed corporate tax rates for companies by about 10 per cent to 25.17 per cent, making them comparable to Asian rivals such as China and South Korea Had to bring, As it was seen to boost demand and investment.
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