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Fiscal slippage this year itself: Fitch Ratings On Corporate Tax Cut

Sep 27, 2019 11:48 IST

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. 

Economy