Modi Pitches India as a ‘Golden Opportunity’ for Investors

Sept. 25, 2019, 1:18 PM

India’s decision to cut corporate tax was a historic step to increase investment in the South Asian nation, Prime Minister Narendra Modi told business leaders at a summit in New York.

His address to chief executives comes less than a week after India delivered a $20-billion tax-cut stimulus to help shore up the $2.6-trillion economy that’s growing at the slowest rate in six years amid 45-year-high unemployment.

“It is a golden opportunity for the business world to form partnerships with India to accompany it on its journey,” Modi told political and business leaders at the Bloomberg Global Business Forum on ...

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