Indian Finance Secretary Dismisses Inflation Fears, Predicts 14.4% Income-Tax Growth
2025-02-02
Business Standard
Revenue and Finance Secretary expressed confidence in the government's ability to achieve a 14.4% growth in income-tax collection, despite forgoing Rs 1 trillion in revenue due to tax incentives. He believes the economic growth will be sustained, driven by increased consumer spending and investments. With a focus on boosting economic growth, the government's tax policies aim to promote business expansion and job creation. As the economy continues to grow, the Secretary remains optimistic about meeting the income-tax collection target, contributing to the country's overall fiscal health and stability, with key terms like economic growth and tax incentives being closely monitored.
