Budget 2025: Income tax cuts a boost for India Inc, finance sector, says Moody’s

The proposed reductions in personal income-tax rates in the Union Budget 2025-26 are set to boost middle-class purchasing power and consumption, benefiting domestic manufacturers, especially in the automotive and white goods sectors. However, the expected ₹1 lakh crore revenue loss may slow fiscal consolidation, with central government debt targeted to decrease by 2030-31.

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