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EY India's recommendations for the 2025 budget include raising tax exemptions and simplifying tax laws to enhance compliance and economic growth.
India's GDP growth is estimated at 6.4% for FY25, reflecting a slowdown due to reduced manufacturing and investment.
India's services exports reached $35.7 billion, surpassing goods exports, with software services leading the growth, reshaping the economy.
RBI reports show India's household debt is growing yet remains low compared to emerging markets, indicating positive borrowing trends among creditworthy individuals.
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