Corporate Tax Reduction a Good Measure to Propel the Economy: KE Ranganathan, MD, Roca

Superb move by the Government to stimulate corporate savings which will get channelised into investments, better pay, promotions ..which will directly stimulate demand. Corporate taxes have been on a high side for some time now, and this move is the right one. Hope this decision is not just for 1 year but continues forever. I am sure the Government will further stimulate demand thru GST reductions. The other move on ‘Loan Mela’ across India is the right move to make money available to small traders and consumers. These good measures to stimulate demand should win back sentiment and propel the economy back to 7% growth next year.