Simplified FDI, reduced corporate tax rates will greatly enhance capital inflows: Deloitte India

Deloitte India highlighted the positive impact of Budget announcements on capital inflows, emphasising simplified FDI regulations, reduced corporate tax rates, and the abolition of the Angel tax to boost investment in startups. Economist Rumki Majumdar stressed the importance of stable capital for investment, particularly through FDI to enhance private capex. The rationalisation of customs duties, including changes in BCD rates for various sectors, aims to support domestic manufacturing and export competitiveness.