Nirmala Sitharaman's Plans For Taxpayers | Income Tax Relief In Budget 2025?

Описание к видео Nirmala Sitharaman's Plans For Taxpayers | Income Tax Relief In Budget 2025?

As Union Budget 2025 approaches, hopes are running high among India’s middle class, especially salaried individuals, who are anticipating tax relief to offset rising inflation and revive demand. With private consumption comprising 60% of GDP, its decline has become a concern. High inflation, particularly in food prices, has eroded purchasing power, impacting urban households and demand for essential goods. A tax cut or increased exemption limits could inject much-needed momentum into the economy. India continues to be the world’s fastest-growing major economy, driven by government spending, with corporate profits hitting a 15-year high. Yet, hiring and wages have lagged behind. Reviving consumer demand, especially in urban areas, is critical for sustaining growth, and middle-income households are counting on measures that put more money in their pockets. Finance Minister Nirmala Sitharaman’s eighth budget, to be presented on February 1, 2025, is expected to address these challenges while laying out the government’s economic vision for Prime Minister Modi’s third term. Join HP Ranina, Advocate, Supreme Court of India, and Dinesh Kanabar, CEO, Dhruva Advisors LLP, in discussion with Siddharth Zarabi, Editor, Business Today, as they analyze key expectations and potential tax reforms from the Union Budget 2025.

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