State Of The Economy 2017

Ebb and Flow

Barring a couple of clusters, most SMEs across the 11 clusters we visited were critical of the demonetisation exercise

For all the expectations, the post-demonetisation Budget presented by finance minister Arun Jaitley seemed like an attempt to assuage the working class. The FM reduced their income-tax burden by lowering the tax rate from 10% to 5% for those earning between Rs.2.5 lakh and Rs.5 lakh per annum. 

Though there were no goodies in store for India Inc, the Budget doled out some relief for the micro, small and medium enterprises (MSMEs) by reducing the corporate tax rate from the current 30% to 25%, for units clocking a t


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