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India offers more clarity and certainty for foreign investors

It will take a few years to evaluate the overall impact of changes in the budget.

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Clarity and consistency are needed in tax laws, and India seems to be moving cautiously but steadily in that direction.

"THE credibility of the Indian economy has been re-established. The world is predicting that it is India's chance to fly," said Indian Finance Minister Arun Jaitley while presenting the country's federal budget for 2015/16 earlier this year.

He indicated that his proposals would lay out