Ahead of the Union Budget, Prime Minister Narendra Modi has assured foreign investors that the country will have a fair and transparent tax system.
During a dinner interaction with participants of the BlackRock India Investor Summit, he said that he believes in a fair, predictable and consistent tax system, and in economic policies that drive growth. “There is rising interest in India. We have to accept that responsibility,” he said.
He also told the participants that his priority was to establish global benchmarks in areas such as governance, transparency and taxation, adding that his Government would focus on “growth and jobs.” The day-long summit was organised on Tuesday in which 21 major global investors participated. The list of institutional investors includes asset managers, insurers, pension funds, and official institutions.