Amitabh Kant urges end to retrospective tax

Amitabh Kant, who used to be the CEO of Niti Aayog and now works as a senior adviser at Fairfax Financial Holdings, thinks India should stop using retrospective tax.

This kind of tax looks at past deals to make sure companies aren't avoiding taxes, but Kant says it scares away investors.

He believes India needs to make its tax rules stable and welcoming to attract more foreign investment.

Without this investment, India might not grow as fast as it needs to.

Kant also mentioned that India should work with China on making important parts for things like batteries and solar panels.