India needs to rationalise direct and indirect tax structures for electronics sector: Niti Aayog report

India's electronics sector requires tax structure reforms to boost growth and competitiveness, according to a NITI Aayog report. The document highlights the need to rationalize both direct and indirect taxes to create a more favorable environment for electronics manufacturing. Key recommendations include harmonizing tax incentives and reducing compliance burdens. Streamlining these tax structures is expected to attract more investment, enhance the sector's global competitiveness, and support the Make in India initiative. The report emphasizes that such changes will contribute significantly to the sector’s expansion and overall economic growth.