June 24, 2016 1:09 PM

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Arun Jaitley woos Chinese firms to invest in India's infra sector

Making a strong pitch for Chinese investments in India's expanding infrastructure sector, Finance Minister Arun Jaitley today said India will be the only economy in the world which is poised to grow at 7.5 to 8 per cent in an unsupportive global environment.Addressing 'Invest in India' Business Forum in Beijing, he said, in the immediate future India will certainly maintain the growth rates. He hoped that there will be a good monsoon this year, and will help improve growth rates. Outlining a host of measure initiated by the government, Mr Jaitley said, the government is trying to bring direct taxes down and the corporate tax to a highest level of 25 per cent. The first significant step in this regard has been taken. Major reforms should be expect in that direction over two to three years, he said.Mr Jaitely said, indirect tax reform in the shape of Goods and Services Tax is pending before the Parliament and is likely to be through very soon.

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