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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.

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...

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