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.
Corporate Tax Reduction and Angel Tax Removal to Boost India-US Economic Ties
