Wake up, smell their coffee: What India needs to do to allay concerns of fleeing foreign investors

Synopsis The complexity of India’s tax framework is causing hesitation among foreign investors, with recent capital outflows underscoring this issue. To foster a more inviting investment climate, the government needs to tackle the unpredictability in taxation and streamline bureaucratic processes. Listen to this article in summarized format The taxman is to New Delhi what Israel is to Washington. The dependence is so high, the subject is so dense, and the persuasive power is so overwhelming that it’s positioned on an elevated perch. It occasionally climbs down to grudgingly agree with the master only if there is a hint of a…