💨 Abstract

Finance Minister Nirmala Sitharaman stated that recent fiscal and monetary measures, including income tax cuts for the middle class and a policy rate reduction by the Reserve Bank of India, will stimulate consumption and attract private investment. Business leaders have reported increased orders for fast-moving consumer goods, suggesting a potential recovery in consumption. The government and RBI will collaborate to boost growth while controlling inflation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖