💨 Abstract

The ICICI Securities report predicts that the quick commerce sector, including hyperlocal e-commerce players, will see growth due to the income tax cuts announced in the Union Budget 2025. The tax cuts are expected to boost disposable income of middle-class consumers from May 2025, leading to increased consumption. The report references historical data indicating consumption growth following tax cuts in the past.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖