Budget 2025 tax cuts could trigger consumption multiplier and lead to 8% GDP growth rate: KV Subramanian, IMF
KV Subramanian, Executive Director, IMF, says the finance minister stated that tax cuts will put around Rs 1 lakh crore in the hands of the middle class. Middle class savings are roughly 18%, and if we round it to 20%, it suggests that 80% of this amount …