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Investors in industrial stocks to note: the 15percent tax may well be a moment of reckoning

Encouraging new manufacturing with low taxes is good for the investment cycle but what it might do to existing companies

September 25, 2019 / 09:24 AM IST
Investors in industrial stocks to note: the 15percent tax may well be a moment of reckoning

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If time travel was possible then investors would like to go ten years into the future to see how this 15 percent tax rate pans out. Nothing so drastic has been tried out without as much as issuing a consultation paper or presenting the underlying assumptions behind it. It could be a damp squib or it could transform the face of Indian manufacturing. But this story is one that will appear many years later with the phrase ‘the benefit...

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