The Union Budget presented by Finance Minister Nirmala Sitharaman in the Lok Sabha has been met with enthusiasm from the UK business and investor community. Key proposals include a fall in the Corporate Tax rate for foreign companies from 40 to 35% and the abolition of the "Angel Tax." Experts believe that the budget's announcements on India's fiscal deficit, estimated at 4.9% of GDP for this financial year, will boost foreign investor sentiment towards the economy.
