India's Industry Groups Call for Income Tax Reductions to Stimulate Demand

Economy

1 year ago

News sources:

Credited from: INDIATIMES

Industry bodies are requesting a focus on **income tax cuts** to drive demand during budget discussions.
CII President **Sanjiv Puri** proposed reducing the personal tax rate for incomes up to Rs 20 lakh and lowering excise duties on fuel.
Recommendations include a **25% increase** in government capital expenditure and improved credit flow for **MSMEs**.
Organizations emphasized the importance of **public spending** and infrastructure development to maintain growth momentum amid global challenges.
Ficci also suggested **tax exemptions** related to childcare to support women's workforce participation, alongside sector-specific measures across various industries.

For more details, visit the original article here.