New Delhi: The ongoing recession in the country and due to this, the government faced criticism, has now come up with a big announcement. This time the government gave a big gift to the industry and announced a reduction in corporate tax. The announcement by Union Finance Minister Nirmala Sitharaman was highly appreciated by the policymakers and industry. Policymakers said that the government's decision will give a boost to GDP growth. Law, Information Technology and Telecom Minister Ravi Shankar Prasad said that electronic and mobile manufacturing units will benefit from these measures announced by the government.

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He said that this step shows what commitment the government is working to make the country a manufacturing hub. Commerce and Industry Minister Piyush Goyal, Petroleum Minister Dharmendra Pradhan, Union Minister Smriti Irani, Minister of State for Finance Anurag Thakur, Niti Aayog Vice President Rajiv Kumar have been openly praised by the decision. Women and Child Development Minister Smriti Irani termed the decision as historic.

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He has said that 'Make in India' will be accelerated by tax reform and growth will accelerate. He said that this will also increase investment. Minister of State for Finance Anurag Thakur tweeted, "This will accelerate Make in India, attract private investment from all over the world, increase the competitiveness of the private sector, and create jobs." This is beneficial for 130 crore people in total. NITI Aayog Deputy Chairman Rajiv Kumar has also welcomed the decision.

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