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Tax Relief, Rate Cut To Boost Consumption: Sitharaman
The Business Guardian
|February 10, 2025
Finance Minister Nirmala Sitharaman highlighted income tax relief and an RBI rate cut as key drivers of consumption recovery in India.
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Income tax relief provided for in the Union Budget coupled with RBI repo rate cut put together will boost recovery in consumption in the economy, asserted Finance Minister Nirmala Sitharaman.
At a press conference on Saturday after her customary post-Budget meeting with the Central Board of Directors of the RBI, Sitharaman said industry is clearly seeing the signs of a possible recovery of consumption.
She added all her post-Budget interactions with industry and journalists give her a sense that the consumption sentiment had improved.
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