India's tax policy to attract foreign investment

Abstract

In 1948, the Nehru government began to formulate economic development plans, arranged national priority development projects, and announced some social development goals. In 1951, the Nehru government began to implement the first "five-year plan". However, the private economy has always played a dominant role in the Indian national economy. Statistics in the mid-1960s showed that more than 80% of all India's products came from the private sector. Due to the small business sector of the government, it is seldom directly involved in the production process, but the use of economic means and tools is very important