Fitch Ratings has said the steep cut in corporate tax rates may stimulate investments and economic growth only in the medium term, but it will lead to a breach in fiscal targets in the current fiscal itself. Fitch said, "As such, slippage from previous government fiscal targets this year is now very likely," . The corporate tax cut followed other measures by the government to prop up slowing GDP figures.
India exits recession, but will GDP growth sustain?
PM’s big push for FinTech
India set to exit recession, Q3 GDP to expand
Centre & states need to talk to reduce fuel prices: Finance Minister echoes RBI stance
Gold prices dull to 8 month low, down ₹10,000 from record high in Aug
Moody's cautions on growth sustainability as India readies to exit recession
Modi’s motto: monetise and modernise
US home prices soar in December
India on track of economic recovery, says S&P, projecting 10% growth in FY22
Wholesale inflation in January rises to 2% from 1.22% in December
RBI monetary policy: Repo rate unchanged at 4%, GDP growth projected at 10.5% in FY22
Vidya Balan's short film 'Natkhat' joins Oscar race
Union Budget 2021: ₹64,180 cr health package
Union Budget 2021: FY21 fiscal deficit at 9.5%
Union Budget 2021: ₹35,000 cr for Covid-19 vaccine
Economic Survey: 11% growth in FY22; fiscal deficit to overshoot
Budget 2021: Govt may announce stake-sale plans in LIC, IDBI Bank
Union Budget 2021: Gita Gopinath bats for extending pandemic support
Indian economy to grow by 11.5% in 2021: IMF
Indian Rupee gains 2 paise to close at 72.97 against USD