How this 0% Tax Strategy of Modi Ji will change the future of business in Gujarat? || Explained ||

Zero Tax policy is one of the most lucrative and perhaps the most impossible policy in the 21st century. And while countries like UAE and Qatar have used their oil money to nullify their taxes, in India, zero taxes is something that nobody could ever imagine.
But you know what guys, in 2008 while the entire world was witnessing a financial crisis, Modi ji as the Chief Minister of Gujarat was laying the foundation for a financial hub in India which would have zero taxes for 10 freaking years.
and the dreams of India's golden past. Keys of doing business are through single window approvals. GIF City today is recognised by the Global Financial Centres Index and has placed GIF City as very progressive and with full of potential. Sounds crazy, isn't it? Well, as it turns out, after 15 long years, that dream is finally coming to reality. And as it turns out,
India is building an extraordinary city in the state of Gujarat that might go on to compete with legendary places like Dubai and Singapore. And this city is what they are calling the Gujarat International Financial Tech City or Gift City. Now even though I have a lot of disagreements with the Modi government, every time I read about Gujarat, I am just fascinated by the visionary governance of Gujarat. The gateway of modern India's growth, Gujarat.
Gujarat, in the last two decades, has accelerated its overall economic development. This state is one of the most progressive states in the country. It's the fastest growing. It has a government that works. So the question is, what exactly is the Gujarat International Financial Tech City all about? How is the Gujarat government building the next Dubai and Singapore right at the heart of Gujarat?
How will it help India become more powerful at the global stage and most importantly, what are the challenges of failure that Gujarat government has to overcome to succeed in this legendary project?
Let's get started from the basics and try to understand what exactly puts India way behind in business as compared to foreign countries. Firstly, if you look at the average corporate tax in India, it stands at 25.17% whereas Dubai stands at 0%, Malaysia stands at 3% and Singapore stands at 17%. This is the reason why startups often engage in something called Startup Flipping.
for more watch full video.
Dop & Editor : Ritik Mishra
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