Dhaka, Feb. 3 -- India's recent budget has introduced significant tax reforms aimed at alleviating the financial burden on the middle class. These measures are designed to increase disposable income, stimulate consumer spending, and foster economic growth. Bangladesh might find valuable lessons in adopting similar strategies to benefit its own middle-class population.
Three years ago, I approached Bangladesh's then finance minister with a similar model, advocating for tax relief to empower the middle class and drive economic expansion. Unfortunately, I was unable to convince him at the time.
THE HIGHLIGHTS OF INDIA'S TAX REFORMS
In the 2025 budget, the Indian government implemented several noteworthy changes:
* Increased tax exemption...
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