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Fiscal Deficit

India Considering Lowering Personal Tax Rates to Boost Consumption

Leave a Comment / By / Governance Community

The Indian government is contemplating lowering personal tax rates for certain categories of individuals in the upcoming Budget 2024, potentially boosting consumption in Asia’s third-largest economy. This plan might be announced in July when Prime Minister Narendra Modi’s government presents its first federal budget after the Bharatiya Janata Party (BJP) failed to secure a majority …

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Weakened Modi Government Faces Challenges in Fiscal Consolidation

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Can a weakened Narendra Modi government continue its work of narrowing the fiscal gap, which it has been able to do in recent years? Economists say it is doable, but perhaps not at the pace the government would have preferred. Following exit polls, analysts were optimistic about the Indian economy’s fiscal deficit coming down to …

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Finance Minister Unveils Ambitious Economic Reforms in Interim Budget for 2024-25

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Article

Finance Minister Nirmala Sitharaman outlined a comprehensive set of economic reforms aimed at driving growth in India, presenting the interim budget for 2024-25. This budget is deemed as an economic manifesto for the Bharatiya Janata Party (BJP) and is expected to provide crucial insights into the government’s plans for fiscal consolidation, borrowings, and future taxation …

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