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How to give a demand boost to the Indian economy that it so badly needs
Relatively affluent middle-income households drive the demand for high-value discretionary items such as consumer durables, education, health and recreation services, and homes. Unless they get some relief in the form of lower taxes on their incomes and/or consumption, households’ demand, and in turn, investment from India’s private sector will stay muted
How to give a demand boost to the Indian economy that it so badly needs
Relatively affluent middle-income households drive the demand for high-value discretionary items such as consumer durables, education, health and recreation services, and homes. Unless they get some relief in the form of lower taxes on their incomes and/or consumption, households’ demand, and in turn, investment from India’s private sector will stay muted
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