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Income tax rate cut in Budget: Top economists urge Modi to lessen burden for Indians
Union Budget 2025: Economists recommend reducing income tax rates, rationalizing customs tariffs, and supporting exports in Budget 2025. They advise targeted interventions for skills development, boosting agricultural productivity, and maintaining capital expenditure. Industry bodies propose comprehensive tax reforms, streamlined compliance, and GST 2.0 for economic growth.
Budget 2025: Economists have urged the government to reduce income tax rates, rationalise customs tariffs, and introduce measures to support exports in Budget 2025, reported ET Bureau on Wednesday.
In a pre-budget interaction with Prime Minister Narendra Modi, they emphasised targeted interventions for skilling, improving agricultural productivity, and maintaining the capital expenditure (capex) momentum.
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