Tax & Spend
India Delivers $12 Billion in Tax Cuts to Spur Economic Growth
- Those with income up to 1.2 million rupees to be tax exempt
- Slower public capex growth, RBI dividend allow deficit cut
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Modi government presented its first full-year budget in his third term. Follow Bloomberg India on WhatsApp for exclusive content and analysis on India's pitch to the world. Sign up here.
India’s finance minister gave middle class consumers 1 trillion rupees ($11.5 billion) in tax relief in her budget Saturday, seeking to shore up a slowing economy as global risks worsen.