India Inc should come forward, invest and show the world: MoS Thakur

On the robustness of the financial sector, he said, the government has infused more than Rs 5 trillion for recapitalisation of public sector banks (PSBs)

Minister of State for Finance Anurag Singh Thakur on Friday exhorted the industry to come forward and invest as Indian economy remains structurally strong.

Highlighting a series of reforms, including moderation in the corporate tax rate, announced by the government in the last six tears to encourage investment, the minister said that the investment by local companies would instil confidence into foreign companies to put money into India.

"We used to talk about the lower corporate tax rates in certain countries. Last year we brought it down. That was the historic corporate tax rate cut from 30 per cent to