💨 Abstract

Goldman Sachs asserts that the mega tax relief in Budget 2025 will boost urban consumers' savings and consumption, while the net fiscal impact on growth will be smaller than in 2024-25. The tax relief proposals will result in the government foregoing around Rs 1.27 lakh crore in direct and indirect taxes, but income tax to GDP remains at 4.0%.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖