RBI Governor Shaktikanta Das has said that India is expected to attract higher foreign direct investment going forward with the corporate tax rate becoming competitive.

In addition, the companies now have more cash to invest ..he said after the meeting with Finance Minister Nirmala Sitharaman for pre-monetary policy consultation.

On September 20, Finance Minister Nirmala Sitharaman announced to cut the basic corporate tax rate for domestic companies to 22 per cent from 30 percent.