New Delhi, Feb. 19 -- The tax relief announced in the Union Budget will act as a catalyst for the quick service restaurant (QSR) businesses in India, which has seen the beginning of a cyclical upturn in the October-December quarter, multinational investment banking company Goldman Sachs said.

In the Union Budget for 2025-26 presented on February 1, the central government has announced that no income tax will be payable on income up to Rs 12 lakh, providing significant relief to taxpayers, especially the middle class. Earlier, this limit was Rs 7 lakh.

The government expects that taxpayers saving money through lesser income tax will plough back into the economy in the form of either consumption, savings or investments.

In its report tit...