“We welcome the latest steps taken by the Government of India to spur growth and boost investor sentiment as such a move was required. The announcement by the Finance Minister in terms of slashing effective corporate tax to 25.17% inclusive of all cess and surcharge for domestic companies will greatly benefit Indian corporates, with the startup sector slated to see an inflow of investments and an uptick in growth. These measures will go a long way in not only augmenting local businesses but also spur the overall growth of the economy’’, said Bhavin Turakhia, Founder and CEO, Flock.
“The latest announcement by the Government of India on the slashing of effective corporate tax to 25.17 percent inclusive of all cess and surcharge for domestic companies, is a welcome step for the Indian economy as it will promote investments and infuse growth. This will provide a much needed fillip across sectors and will also create new employment opportunities. Further, it will accentuate prospects for domestic businesses and accelerate ‘Make in India’ in its true sense”, said Javed Tapia, Managing Director, Clover Infotech.
“The Government of India’s latest announcement on the slashing of effective corporate tax to 25.17 percent inclusive of all cess and surcharge for domestic companies will promote local manufacturing and provide much needed employment opportunities to citizens. Also, these measures will aid the domestic production of energy efficient solutions such as LED lighting and immensely benefit companies operating in this space. We are positive that the economic situation improves in the coming months, which will also boost demand in the consumer electrical segment”, said Mr. Kishan Jain, Director, Goldmedal Electricals.