ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Raising taxes on the rich will not help India

Discounted rates for big companies should be extended to small businesses

| India
Narendra Modi in Mumbai on Jan. 19: New Delhi should lower its tax rates, widen its tax net and plug loopholes in the tax system.   © AP

Ritesh Kumar Singh is founder and chief executive of policy research and advisory company Indonomics Consulting in New Delhi.

With India's fiscal deficit targets under pressure and the government seeking to increase spending to support economic growth, there is speculation that the administration of Prime Minister Narendra Modi may introduce new taxes on the rich when it unveils its next annual budget on Wednesday.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more