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US calls for smoother tax regime, ease of doing business in India

  • The Obama administration has openly called for a simplified tax regime and ease of doing business in India to attract global investments, including from the US.
  • “For India to achieve its goal of sustainable growth and development, it must assure global markets and international investors that it is open for business,” Nisha Desai Biswal, US Assistant Secretary of State for South Asian Affairs said.
  • Key foreign investors, including the US, have started expressing concern over the slow pace of reforms even while they understand more time may be needed to implement some of the proposed changes.
  • Biswal said if the two countries can complete a bilateral investment treaty, it would become India’s highest-standard investment agreement.

Source: ET

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