- Amid concerns about the crisis in the Indian economy following GDP growth slipping to a 26-quarter low of 4.5 per cent in July-September, the government is open to further reforms for making India a more attractive investment destination.
- It also said about 12 global companies have evinced interest to shift their base from China to India, taking advantage of the competitive tax rate of 15 per cent announced recently.
- Currently the GDP growth rate has slowed for the sixth consecutive quarter, with the previous low recorded at 4.3 per cent in March 2013.