Failing to make use of demographic dividend, the threat of walking into middle-income trap looms
India, Feb. 2 -- The headline item on which the finance minister wants us (and Delhi's voters) to focus is the income tax break. The government had long delayed this relief to taxpayers. Economic mismanagement over the last decade has stressed household budgets. In 2023, private consumption fell to a 20-year low while household savings were at a 47-year low....
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