India's Road to Growth: Cutting Taxes to Boost Economy in 2025
2025-01-14
MSN
As India looks to accelerate its economic growth in 2025, a key strategy could be to cut taxes for the middle class, who bear the brunt of income tax and corporate tax burden. With a significant increase in direct taxes in recent years, easing the tax load could stimulate economic activity, increase consumer spending and attract foreign investment, thereby driving economic growth and boosting the overall GDP. By adopting a tax-friendly approach, India can create a favourable business environment, foster entrepreneurship and create new job opportunities, ultimately leading to a more prosperous future. Key considerations include income tax, corporate tax and economic policy.
