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Budget 2021: Will tax sops help economy? Here’s what experts say
Budget 2021: Will tax sops help economy? Here’s what experts say
Over the past few days, many reports have indicated that the government may announce some income tax benefits in its upcoming budget as it will help boost demand. However, top economists say lowering income tax may not lead to higher consumption.
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UPDATED: January 20, 2021 17:21 IST
Top economists are not too optimistic about lowering income tax rates as it may not serve the intended demand recovery purpose. (Photo: Pixabay)
The government faces several challenges in its upcoming Union Budget 2021 as it aims to boost economic growth and pull India out of the ongoing demand crisis. Although the economic situation has improved significantly over the past few months, there are many sectors that need urgent government support. ....

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