His allocation to global equities has doubled over the last five years—to 40% from 20%, Mukherjea shared in an interaction with Mint for the Guru Portfolio series. He also explained why he fears that, without careful financial planning, Indian middle-class households may get caught up in a debt trap. In this series, leaders in the…
Will India’s 2025-26 tax cut spur consumption and GDP growth? | Mint ₹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…
Income distribution has evolved over time, with the bottom 60% of India’s population witnessing an increase in their income share from 27% in 2004-05 to 32% in 2015-16, signalling better economic inclusion. However, this progress was disrupted during the pandemic, with their share dropping to 23% in 2020-21 before recovering to 31% in 2022-23. The…
Finance minister Nirmala Sitharaman on Thursday defended the tax relief measures in the Budget, emphasizing that they primarily benefit middle-income earners. Responding to a debate in the Rajya Sabha, Sitharaman said a closer look at the tax proposals reveals that the maximum benefit applies to those earning up to ₹12 lakh, tapering off as incomes…
Boeing is set to continue delivering two aircraft per month this year to Indian airlines, the mix of narrowbody and widebody planes maintaining the company’s average of the last two years. India’s second biggest airline Air India and its youngest Akasa Air together have pending deliveries over 400 Boeing aircraft. Air India has pending…
That the Indian economy is going through a difficult phase is no longer a matter of speculation. The Economic Survey not only made that clear, but went further by offering evidence of a decline in earnings of the self-employed in the last six years. For regular and casual workers, wages have been declining for almost…
The retail sector, a key driver of the economy, stands to benefit significantly from measures aimed at increasing disposable income, boosting consumer confidence, and strengthening supply chains. At the same time, targeted interventions in infrastructure, digitalization, and rural development will create a more resilient and interconnected economy, ensuring long-term prosperity for businesses and communities alike….
In these years, the number of tax filers has gone up from 65 million to 80 million, which is still less than 6% of the population. Of all those filers, barely 25 million pay more than zero tax. Thanks to the recent hike in the exemption ceiling, it is possible that another 8 to 10…
Also Read: Is India’s slowdown structural or cyclical? It depends on your expectations. The economic commentary at that time was about slowing consumption dragging down overall economic activity and growth. However, the consumption problem, as we know, is fundamentally one of incomes. To understand this, we must go back to the post-demonetization period (after November…
Former Infosys CFO TV Mohandas Pai highlighted the growing burden on the middle class due to rising inflation, increasing EMIs, and escalating education costs. In an insightful interview with Mint, Pai, a prominent voice in Indian business and finance, outlined a set of key reforms needed for the country .”The middle class is very angry…
