ECONOMISTS HAVE WARNED the government against a sharper fiscal consolidation than announced as they presented their views to the finance ministry on Friday as part of the pre-Budget consultations.
Reducing personal income tax rates to boost consumption, and increasing capex, were the other key recommendations.
According to sources, the economists told the ministry officials to introduce a policy to spur manufacturing, which has remained lacklustre in the current financial year so far.
The meeting with economists was the first pre-Budget that the finance ministry held for seeking views on the Budget for FY26, which will be tabled in the Parliament on February 1, 2025.
Denne historien er fra December 07, 2024-utgaven av Financial Express Mumbai.
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Denne historien er fra December 07, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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