The Indian government, led by Prime Minister Narendra Modi, has introduced tax cuts as part of its efforts to stimulate economic growth and boost the country’s flagging economy. The new tax measures aim to incentivize businesses and individuals to invest and expand their operations, in turn creating jobs and driving growth.
Details of the tax cuts have not been disclosed, but officials say they are aimed at reducing the overall tax burden on businesses and encouraging investment in key sectors such as infrastructure and manufacturing.
Source: https://www.ft.com/content/1d76cc7f-0f84-4dbb-9c17-0ecd29eb6340