India's Path to Faster Growth in 2025: Cutting Taxes for the Middle Class
2025-01-14
Business Today on MSN.com
As India aims to boost its economic growth in 2025, a key strategy could be to cut taxes for the middle class, who have been shouldering a significant portion of the income tax burden. With a notable increase in direct taxes, including income tax and corporate tax, in recent years, easing the load on this demographic could have a positive impact on consumer spending and overall economic growth. By implementing tax reforms and reducing the burden on the middle class, India can potentially stimulate economic expansion and achieve faster growth. This approach could also help to increase disposable income, driving economic activity and growth. Key areas to focus on include income tax and corporate tax reforms.
