Digitisation and structural reforms make India attractive destination for investment: NITI Aayog CEO

WION Web Team New Delhi Dec 14, 2019, 08.46 AM(IST)

File photo of Niti Aayog CEO Amitabh Kant. Photograph:( PTI )

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This Corporate Tax coupled with the size of the domestic market and the fact that India is pushing through a lot of digitisation and structural reforms India a very attractive destination for investment, Kant said. 

Amitabh Kant, CEO of NITI Aayog on Saturday said that India has put out probably the best corporate tax regime in the world now which makes it an attractive destination for investments.  

At 15% with an effective rate of 17.1%, makes it the best country as far as corporate tax is concerned, he was quoted as saying.

This Corporate Tax coupled with the size of the domestic market and the fact that India is pushing through a lot of digitisation and structural reforms India a very attractive destination for investment, Kant said. 

Kant also praised India's reforms in labour laws and said that India has coalesced 54 labour laws into just four laws.

''Another big thing that has happened in India is amalgamating 54 labour laws into just 4 laws and making major structural reforms there. This will be path-breaking which it will enable you to do large-scale manufacturing in India,'' he said.

He also lauded India's new policy on intellectual property rights (IPR). 

India came out with a new policy on intellectual property rights (IPR) which has radically improved the IPR. It's probably one of the best IPR regimes, we have benchmarked it against USA and Japan now, he said.