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The Economic Times

Economy / The Economic Times

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Budget 2026: India doubles tax holiday for GIFT City businesses to 20 years

India's federal budget has significantly boosted GIFT City, doubling its tax holiday for new businesses to two decades. This move aims to attract global reinsurers and position the financial hub as a key gateway for international capital. Following the tax-free period, companies will face a flat 15% tax rate, a substantial advantage over the 35% rate elsewhere.

1 Feb 2026 1:44 pm