Will India’s 2025-26 tax cut spur consumption and GDP growth?

₹12 lakh, ₹50 lakh surcharge,marginal propensity to consume,household spending,fiscal injection,GDP growth,paradox of thrift,consumer spending,debt burden,Financial Stability Report,Reserve Bank of India,consumer confidence,job creation,savings vs spending,precautionary savings,welfare schemes,public health services,state health insurance,financial security,economic growth”/>
₹12 lakh, ₹50 lakh surcharge,marginal propensity to consume,household spending,fiscal injection,GDP growth,paradox of thrift,consumer spending,debt burden,Financial Stability Report,Reserve Bank of India,consumer confidence,job creation,savings vs spending,precautionary savings,welfare schemes,public health services,state health insurance,financial security,economic growth”/>