Economists have been suggesting bold steps in order to improve tax revenues while remaining competitive. The move to reduce corporate taxes by Modi government is surely commendable.
Finance Minister made a surprise announcement on Friday about reducing corporate tax to 25.17 percent.
Indian stock markets cheered the decision of cut in corporate taxes.
Indian government has taken a major step towards helping the economy with reduction in corporate tax rate.
Steps taken by Finance Minister to help real estate sector should show results in upcoming months.
Indian Stock Markets have been witnessing tough times, mainly due to global cues. The local companies have performed well in quarterly results but economic indicators suggest slower growth.
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