Prime Minister Modi's administration is planning to revitalize India's economy by implementing tax cuts and increase spending and investment to the country. India's economy has stagnated in growth and some might fear that it can soon tumble down which prompted Modi to do these tax cuts and tax incentives to corporations. Some executives have criticize the proposals saying that these tax cuts can actually even worsen the economy. Prime Minister Modi is well known for his policies that are known to be, in a way, nationalistic which has been criticized of putting Hindu Indians first. Many other things that would be part of Modi's plan to re-energize the economy is to promote consumption, investment in the infrastructure, more rural development, investment in education and healthcare. Many economists are optimistic about these economic policies and the benefits that will cause the economy.
Source: https://www.wsj.com/articles/india-to-cut-taxes-increase-spending-in-bid-to-revive-growth-11580650460
No comments:
Post a Comment