Union Budget 2024: UKIBC welcomes corporate tax cut for foreign companies from 40 PC to 35 pc

India Budget 2024: The UK-India Business Council (UKIBC) congratulated Finance Minister Nirmala Sitharaman and the Indian Government on the Union Budget 2024-25. UKIBC welcomed the proposal to reduce corporate tax rates for foreign companies, signaling progress towards investment parity. The council anticipates detailed foreign direct investment (FDI) announcements. The Budget outlines a vision for "Viksit Bharat" by 2047, which has garnered the support of UKIBC and its members.