Slash personal tax, give confidence to stakeholders: India Inc at WEF

Govt officials said more structural reforms, after the ones announced recently, would be forthcoming.

The economic slowdown the country faces may last until there is greater confidence in investors and consumers, industry feels. 

At the India Economic Summit on Thursday, its representatives asked for more measures such as cuts in personal income tax rates to elevate consumer demand. 

Government officials said more structural reforms, after the ones announced recently, would be forthcoming. 

“The government is making all efforts, but certain steps are needed at the ground level,” said Hemant Kanoria, chairman and managing director, SREI, on the sidelines of the summit, organised by the World Economic Forum and the Confederation of Indian Industry. 

He