(Oct 14): The Tantallon India Fund closed up 5.15% in September on the back of the announcement of significant new tax reforms (slashing corporate tax rates from 35% to about 25%), putting paid to the relentlessly negative media/ market narrative over the last several months.

The reset in growth expectations and corporate risk appetite sets the stage for a fundamental revival in private sector investments — the hitherto (frustratingly) missing piece in India’s growth algorithm.

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