Corporate Tax Cut: Modi govt has done more than our expectations, says VK Sharma of HDFC Securities
As the Modi government today announced a series of tax incentives to boost the industry and give a big push to investment, Indian stocks surged over 5%, and showed their best day performace in more than a decade.
When asked if the announcements would spur consumption, Sharma said that the tax rebate will take some time to fructify, rather in coming three years, but the sentiment is good now. Image source: Twitter/ZeeBusiness