PM Modi’s government is considering consumption-boosting measures worth more than 500 billion rupees ($6 billion) in India’s upcoming budget.
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Government considers income tax rate cuts to boost consumption in the economy and increase savings for the middle class as consumption growth slowed.
PM Modi’s government is considering consumption-boosting measures worth more than 500 billion rupees ($6 billion) in India’s upcoming budget.
Officials in the Ministry of Finance are discussing proposals to reduce taxes for high-spending consumers. Individuals earning between 500,000 rupees...
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