May 11, 2025
Wealth Management

India’s Union Budget 2024 Tax Reforms Will Attract Investors


The Union Budget 2024, proposed by India’s Finance Minister Ms. Nirmala Sitharaman on July 23, unveils an ambitious vision for a ‘Viksit Bharat,’ or ‘Developed India.’ The latest budget has ushered in significant reforms in both direct and indirect taxation, with notable changes affecting corporate and non-corporate tax rates alike. This article examines the proposal, highlighting the implications for international investors and businesses engaged with India and exploring the potential for sustained economic growth.

With a strong emphasis on reducing social inequalities, the budget prioritizes key areas such as employment, skilling, support for MSMEs (Micro, Small & Medium Enterprises), …



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