💨 Abstract

India's personal income tax rate cuts will increase disposable income for many, boosting consumption and benefiting the world's fifth-largest economy, according to executives from auto and consumer firms. The government raised the tax-free threshold and cut rates for those above it, which sent shares of consumer goods, autos, and realty firms up. The tax reforms are expected to further fuel demand across various consumer categories.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖