Reported about 7 hours ago
India's finance minister has announced tax cuts for low-income earners to stimulate consumer spending and targeted a reduced budget deficit of 4.4% of GDP for the coming fiscal year. The tax changes will exempt individuals earning up to 1.2 million rupees from income tax, aiming to boost household consumption, savings, and investment amidst the country's economic challenges. The forecast for economic growth remains modest, with expectations set at 6.4% for the current fiscal year.
Source: YAHOO