6 big ideas from India’s budget

2) Lower taxes on business

Businesses operating in India currently pay some of the highest rates in the world.

The government is hoping to change that, cutting India’s corporate tax rate to 25% from 30%. The reduction, to take place over four years, should make India more competitive against international rivals.

3) Higher taxes on the rich

In the meantime, the prime minister will continue to benefit from tailwinds that include lower energy prices, and inflation numbers that are well in hand.

— CNN’s Ravi Agrawal contributed reporting.

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