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Indian Rupees (Representative image) (The Economy club/Facebook)
Union Minister of State (MoS) for Finance Anurag Thakur on Sunday (1 March) asserted that the Union Government was determined to transform India into the third-largest economy on the globe by the year 2025, reports Asian News International (ANI).
Underscoring the importance and impact of the historic corporate tax cuts announced last year by the Government, MoS Thakur said, “The most attractive tax rate worldwide is to pay only 15 per cent tax for new manufacturing units instead of 30 per cent.”
Confident of meeting the ambitious goal, the Minister also held an interaction with the members from the trade and industries fraternity.