“India has one of the highest corporate tax structures at currently 30% in the world and the corporate tax rate cut to 22 % is a laudable initiative which will help revive the economy. With this reduction and revised tax measures, we can expect an increase in the overall growth and development of the economy. The additional capital which will be saved can be deployed back into the business for future investments of the company. As the festive season is underway, this move is sure to improve sales and accelerate revenue generation within the business.”