The concessions offered should generate a feel-good factor. India has one of the lowest rates of tax. Central excise is also low. Customs, in the next few years, will be progressively reduced. The concessions and incentives make the tax burden lower.
Tax evasion is rampant.
On one side, you have to rationalise the tax structure. We are taking steps to help honest tax payers and punish evaders. The agricultural production last year dropped. This year's climatic predictions are grim. Due to monsoon failure, unexpected things happen.