Business Corporate tax cut: Why India could be the next manufacturing hub of the world Updated : September 20, 2019 08:19 PM IST The amendments are positive moves that should push for greenfield investments and greater economic activity. The move is in line with the government’s intention to lower tax rates and phase out incentives announced four years ago. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.