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The road to a $5-trillion economy in Budget 2019: Reform, Perform, Transform

Updated : July 08, 2019 06:26 AM IST

The government’s initiative to tap external savings in external currency will ease pressure on domestic savings and interest rates.
On the tax proposals for corporates, the FM has provided level playing field for almost all domestic companies, which will now be taxed at 25 percent if the turnover/ gross receipts is up to Rs 4 billion as against earlier threshold of Rs 2.5 billion.
While Budget 2019 seems to be well thought and has addressed most sectors, it will be interesting to witness its far-reaching impact on the projected sluggish industrial growth and whether it propels Corporate India to spring forward.
The road to a $5-trillion economy in Budget 2019: Reform, Perform, Transform
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