Will the new direct tax code promote economic growth?

Indian economy is growing with his own pace till now. but for the maintain the momentom of the growth need to give flexibility to corporate to re-invest there earning in the economy rather than pay to govt. And individual tax payers will highly benefishery and definatly now they will more expenses there income and increase the demand in the market. Demand automatically incrase the supply. business will grow to curb the demand.

India having few major chellange in his growth and one major is bureaucracy in govt. department like custom, excise, IT, ministery. Averagely 30% goods delevery is delay in india because of the custom process.

Reson for the introduction of the Direct tax code is to remove complexibilty in the tax and make it simple for the all. Yes some provision in the code not so acceptable but even though i welcome the new code with my best wishes.

The new tax code will surely help in the growth of our economy because the tax rate have been reduced for person who earn upto 10 lac.This reduction in tax may motivate them to contribute their money in the developement of the economy,like establishing business frims,building hotels etc..which play major role in the growth of economy.