Tax reforms, elevated capex among steps to turn India into a $5-trillion economy: Finance Ministry

The Finance Ministry highlighted various initiatives taken by the Modi government, aimed at propelling India into a $5-trillion economy. These measures include tax reforms, a significant increase in capital spending, and robust public digital infrastructure. The government cited the restructuring of corporate tax rates, the reduction of tax litigation, and the implementation of Goods and Services Tax (GST) as successful direct and indirect tax measures.

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