Corporate tax cut will boost foreign investment in the country: Anurag Thakur

Days after central government levied corporate tax, Minister of State for Finance and Corporate Affairs Anurag Singh Thakur termed it as a historical decision which will boost foreign investment in the country.

New Delhi: Describing the central government move to slash corporate tax as a historical decision, Minister of State for Finance and Corporate Affairs Anurag Singh Thakur said that India will be a very attractive destination for foreign investors.

In an exclusive interview with ETV Bharat, Anurag said, "During UPA government tenure the inflation rate was 12%. The inflation rate has come down to 2-3% under the NDA government. Some of the economists claimed the low inflation rate is not good for the Indian economy."

"The government has taken measures to deal with inflation as increasing price of few commodities will not make a huge difference,"he added.

Commenting on recession, he said, "The NDA government has maintained low fiscal deficit. There has been a slight downfall in the GDP rates, but it is not a matter of concern. We can globally see signs of recession.

Praising the central government, he said that measures are being taken by government to overcome the problem of recession

"Certain steps has been taken by government such as 15% reduction in additional depression in the automobile sector," he said.