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Foreign investment benefits the host countries, bringing in technical know-how, enhancing work force skills, increasing productivity, generating business for local firms, and creating better-paying jobs. Lowering the corporate tax rate sends a powerful message to corporates and global investors.  Would FM take a cue from these changes and propose suitable changes in Budget 2018 to make India the favourite destination for foreign investment?

Rakesh Nangia, Managing Partner contributed an article on Budget 2018: Global tax race for foreign investment for Hindu Business Line.