India has repeatedly used tax cuts to boost growth, but results have been mixed. From the “Dream Budget” of 1997 to the GST cut of 2025, outcomes depended on global conditions, government spending, and domestic demand. History shows tax cuts help in the short term, but long-term effects are uncertain. BulletsIn Tax cuts boost growth
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India has repeatedly used tax cuts to boost growth, but results have been mixed. From the “Dream Budget” of 1997 to the GST cut of 2025, outcomes depended on global conditions, government spending, and domestic demand. History shows tax cuts help in the short term, but long-term effects are uncertain. BulletsIn Tax cuts boost growth
The Union Budget 2025-26, presented on February 1, 2025, highlights a significant rise in India’s tax arrears, with unpaid dues reaching staggering figures. With government expenditures set to rise, the mounting tax arrears create a serious challenge for the country’s fiscal health. These arrears, including both disputed and undisputed amounts, place a heavy burden on
The Union Budget 2025-26, presented on February 1, 2025, highlights a significant rise in India’s tax arrears, with unpaid dues reaching staggering figures. With government expenditures set to rise, the mounting tax arrears create a serious challenge for the country’s fiscal health. These arrears, including both disputed and undisputed amounts, place a heavy burden on
In a recent discussion on inequality, economic growth, and inclusion, Chief Economic Advisor V Anantha Nageswaran emphasized that excessive taxation could drive capital out of India, making it harder to attract investments. He rejected the concept of a “billionaire tax” proposed by economist Thomas Piketty and noted that reducing income inequality is key to ensuring
In a recent discussion on inequality, economic growth, and inclusion, Chief Economic Advisor V Anantha Nageswaran emphasized that excessive taxation could drive capital out of India, making it harder to attract investments. He rejected the concept of a “billionaire tax” proposed by economist Thomas Piketty and noted that reducing income inequality is key to ensuring
