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Amid slowing economic growth in India, the Modi government’s surprise corporate tax cuts have come at an opportune time.
India’s new budget aims to give the economy a boost via tax cuts and other measures to stimulate foreign investment. Franklin Templeton’s Sukumar Rajah says while there are likely to be some winners and losers from an investment standpoint, overall, the government seems to be moving in the right direction to spur economic growth.
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