India, Sept. 27 -- The sluggishness of the economy cannot be overcome only by a reduction in the policy rate, as the domestic financial savings rate in India declined sharply after 2010, which continued even after 2012. Household debt in the US was US $ 12.5 trillion in the first quarter of FY 2008, which increased to US $ 13.9 trillion in the second quarter of FY 2019. India's total domestic financial liabilities stood at Rs.7.4 lakh crore in FY 2018, up 58 percent from FY 2017. In fact, household liabilities have increased 2-fold in the last 5 years, while expendable income has increased only 1.5-fold, putting increased pressure on savings.

Re-Imposition of Capital Gains Tax: -

In the Union Budget 2018, the government proposes to re-l...