Centre sanguine on growth...

IT IS ESSENTIAL that the industry recognises the mutual endogeneity of its investment spending and consumption demand," the ministry said.

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It also saw vigorous agricultural activity supporting rural demand.

Taking into consideration the upsides and downsides to growth, the Economic Survey for 2024-25 had projected GDP growth in FY26 to be between 6.3% and 6.8%.

The proposed changes in the personal income tax structure are expected to improve the disposable income of the middle class and their consumption, the economists in the finance ministry, who drafted the monthly report wrote.

The Centre sharply raised the income tax exemption limit to 12 lakh from ₹7 lakh under the new tax regime, which the government said would leave around ₹1 lakh crore cash in the hands of taxpayers.