To save the crashing down of the economy, the government has decided today to cut corporate tax on domestic firms. Manufacturing which is one of the top contributors to the GDP (Gross Domestic Product) was also been affected by fewer demands across all sectors.
After Finance Minister Nirmala Sitharaman announced this market rose with immediate effects, after few days of rough trading, S&P BSE Sensex rushes over 2,100 points and the NSE Nifty scale above 11,250 marks. FM Nirmala Sitharaman said that domestic companies are very happy now but she knows what effect it will cause to India's fiscal deficit target.
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