Prof. Krishnamurthy Subramanian, IMF Executive Director, highlighted the 2024 Indian Budget measures to enhance India-US economic engagement at an event organized by the Consulate General of India in New York and the US-India Strategic Partnership Forum (USISPF). Key measures include reducing corporate tax from 40% to 35% and removing the Angel Tax. These changes are expected to encourage foreign investments and boost India’s startup ecosystem, fostering innovation, entrepreneurship, and job creation.
