Sinha, Shishir
Balancing production & consumption for economic growth
- Yojana: A Development Monthly Since 1957
- 69(3), Mar, 2025: p.30-35
While the restructuring of the new income tax regime aims to boost consumption, changes in the customs mechanism intended to help the manufacturers meet the domestic demands and face the global headwinds. After all, economic growth is measured not just in terms of gross domestic product of GDP (while represents demands) but also in gross value addend or GVA ( which represents supply), and tax reforms in the union budget 2025-26 is aimed at addressing both. – Reproduced