The Indian government will be giving large tax breaks to corporations, valued at $20.4 billion, in hopes of creating new jobs and aiding the economy. Many are surprised by the tax cuts and pleased that they will decrease the cost of doing business in India. However, critics do not believe that the cuts will create jobs and increase spending power. Experts agree that the additional funds are more likely to be put towards saving jobs, as many firms are struggling to stay afloat in the present economy.
See "Modi's big tax cut unlikely to spur job bonanza in India", Alexandra Ulmer & Aftab Ahmed, Reuters, September 25, 2019