💨 Abstract

In the Union Budget 2025, the Modi government has announced a cut in personal income tax to boost demand. This comes with a decline in the deficit and a reduction in the share of revenue expenditure as a percentage of GDP. The tax cut is part of a series of fiscal measures taken over the past decade to stimulate growth, which has struggled since 2016.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖